Sapient Corp. Hits New 52-Week High at $15.95 (SAPE)
Shares of Sapient Corp. (NASDAQ:SAPE) hit a new 52-week high on Tuesday, StockRatingsNetwork reports. The company traded as high as $15.95 and last traded at $15.82, with a volume of 489,016 shares trading hands. The stock had previously closed at $15.76.
A number of research firms have recently commented on SAPE. Analysts at Northland Securities initiated coverage on shares of Sapient Corp. (NASDAQ:SAPE) in a research note to investors on Friday, August 9th. They set a “market perform” rating and a $14.00 price target on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Sapient Corp. (NASDAQ:SAPE) in a research note to investors on Friday, August 9th. They set a “market perform” rating and a $14.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Sapient Corp. (NASDAQ:SAPE) from $14.50 to $15.50 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock.
Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. Sapient Corp. has a consensus rating of “Hold” and an average price target of $14.25.
Sapient Corp. has a 52-week low of $9.90 and a 52-week high of $15.95. The stock has a 50-day moving average of $14.8 and a 200-day moving average of $12.90. The company has a market cap of $2.207 billion and a P/E ratio of 30.84.
Sapient Corp. (NASDAQ:SAPE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.10. The company had revenue of $314.30 million for the quarter, compared to the consensus estimate of $305.06 million. During the same quarter last year, the company posted $0.15 earnings per share. Sapient Corp.’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that Sapient Corp. will post $0.54 EPS for the current fiscal year.
Sapient Corporation (NASDAQ:SAPE) is a global services company, which helps clients leverage marketing and technology to transform their businesses.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.