Sapient Corp. Upgraded to Outperform by Zacks (SAPE)
Sapient Corp. (NASDAQ:SAPE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a $17.00 price objective on the stock. Zacks‘ target price points to a potential upside of 7.19% from the stock’s previous close.
In other Sapient Corp. news, Director J Stuart Moore sold 100,000 shares of Sapient Corp. stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $15.85, for a total transaction of $1,585,000.00. Following the completion of the transaction, the director now directly owns 6,590,905 shares of the company’s stock, valued at approximately $104,465,844. The sale was disclosed in a filing with the SEC, which is available at this link.
SAPE has been the subject of a number of other recent research reports. 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 three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.64.
Sapient Corp. (NASDAQ:SAPE) traded down 0.98% during mid-day trading on Wednesday, hitting $15.705. The stock had a trading volume of 457,391 shares. Sapient Corp. has a 52 week low of $9.90 and a 52 week high of $16.15. The stock has a 50-day moving average of $15.53 and a 200-day moving average of $13.34. The company has a market cap of $2.195 billion and a price-to-earnings ratio of 31.04.
Sapient Corp. (NASDAQ:SAPE) last announced its earnings results on Tuesday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts predict that Sapient Corp. will post $0.54 earnings per share 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.
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