BMO Capital Markets Cuts Absolute Software (NASDAQ:ABST) Price Target to C$12.00

Complete Software package (NASDAQ:ABST – Get Rating) had its target selling price diminished by equities researchers at BMO Cash Markets from C$14.00 to C$12.00 in a observe issued to buyers on Wednesday, The Fly reports.

A amount of other equities analysts have also weighed in on the stock. Canaccord Genuity Group diminished their rate concentrate on on shares of Absolute Software from $22.00 to $17.00 in a report on Wednesday. Raymond James reduced their value concentrate on on shares of Absolute Software program from $19.00 to $16.00 and established an “outperform” rating on the stock in a report on Wednesday, February 9th. Zacks Investment decision Study upgraded shares of Absolute Software program from a “sell” rating to a “hold” score in a report on Tuesday, January 11th. TheStreet reduced shares of Absolute Software from a “c-” ranking to a “d+” rating in a report on Wednesday, February 9th. Last but not least, TD Securities upgraded shares of Absolute Program from a “hold” rating to a “buy” ranking and lifted their rate concentrate on for the business from $11.00 to $13.00 in a report on Wednesday, February 9th. A few analysts have rated the inventory with a keep rating and 4 have assigned a invest in rating to the company’s stock. According to facts from MarketBeat, the stock has an regular ranking of “Buy” and a consensus rate target of $16.86.

NASDAQ ABST traded up $.25 all through mid-working day buying and selling on Wednesday, reaching $7.18. 8,523 shares of the inventory were exchanged, in comparison to its typical quantity of 124,791. Absolute Computer software has a 1-year very low of $6.79 and a 1-12 months substantial of $15.50. The business’s fifty working day simple going typical is $8.16 and its 200 day basic relocating normal is $8.82. The stock has a current market capitalization of $366.45 million, a PE ratio of -26.59 and a beta of .92.

Absolute Software package (NASDAQ:ABST – Get Rating) very last declared its earnings final results on Tuesday, February 8th. The business documented $.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($.06) by $.19. The firm had earnings of $49.05 million for the quarter, when compared to analyst estimates of $50.15 million. On regular, analysts forecast that Complete Program will put up -.2 EPS for the present fiscal 12 months.

Many substantial buyers have recently produced variations to their positions in ABST. Shell Asset Management Co. boosted its stake in Complete Software by 44.6% through the 4th quarter. Shell Asset Administration Co. now owns 5,010 shares of the company’s stock valued at $47,000 right after paying for an further 1,546 shares for the duration of the period. FinTrust Funds Advisors LLC acquired a new stake in shares of Complete Application in the 1st quarter worth somewhere around $49,000. Countrywide Financial institution of Canada FI obtained a new stake in shares of Absolute Computer software in the 4th quarter worthy of close to $82,000. Versor Investments LP acquired a new stake in shares of Complete Software package in the 4th quarter value approximately $98,000. Ultimately, PDT Partners LLC bought a new stake in shares of Complete Application in the 4th quarter well worth close to $101,000. 65.08% of the inventory is owned by institutional traders and hedge cash.

About Absolute Program (Get Score)

Absolute Software package Company develops, marketplaces, and supplies cloud-based endpoint visibility and regulate platform for the administration and stability of computing gadgets, apps, and knowledge for business and community sector corporations. The organization provides the Absolute system to supply the connectivity, visibility, and management of info and equipment of the working process to get better routinely to a safe operational state with out consumer intervention to guidance many other security controls and productiveness instruments from decay and vulnerabilities and to permit measurement of the health and fitness, compliance, and point out of decay of endpoint protection controls and productivity resources self-therapeutic if the software gets to be uninstalled or damaged.

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