Cornerstone OnDemand Rating Reiterated by Northland Securities (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD)‘s stock had its “positive” rating reiterated by investment analysts at Northland Securities in a note issued to investors on Friday, American Banking and Market News reports.
Cornerstone OnDemand (NASDAQ:CSOD) opened at 52.95 on Friday. Cornerstone OnDemand has a one year low of $25.44 and a one year high of $55.47. The stock has a 50-day moving average of $52.39 and a 200-day moving average of $42.64. The company’s market cap is $2.722 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.01. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $42.08 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 65.9% on a year-over-year basis. Analysts expect that Cornerstone OnDemand will post $-0.21 EPS for the current fiscal year.
In other Cornerstone OnDemand news, EVP Steven Seymour sold 105,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $2.57, for a total value of $269,850.00. Following the transaction, the executive vice president now directly owns 642,876 shares of the company’s stock, valued at approximately $1,652,191. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on CSOD. Analysts at Credit Suisse raised their price target on shares of Cornerstone OnDemand (NASDAQ:CSOD) from $51.00 to $57.00 in a research note to investors on Thursday, August 8th. Separately, analysts at Nomura raised their price target on shares of Cornerstone OnDemand (NASDAQ:CSOD) from $40.00 to $54.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company raised their price target on shares of Cornerstone OnDemand (NASDAQ:CSOD) from $39.00 to $55.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $49.00.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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.