Support.com Receives “Neutral” Rating from Nomura (SPRT)
Support.com (NASDAQ:SPRT)‘s stock had its “neutral” rating restated by investment analysts at Nomura in a note issued to investors on Friday, AnalystRatings.Net reports.
Support.com (NASDAQ:SPRT) opened at 5.67 on Friday. Support.com has a one year low of $3.67 and a one year high of $6.28. The stock has a 50-day moving average of $5.5 and a 200-day moving average of $4.66. The company has a market cap of $294.6 million and a price-to-earnings ratio of 46.56.
Support.com (NASDAQ:SPRT) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.02. The company had revenue of $20.10 million for the quarter, compared to the consensus estimate of $20.10 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis.
A number of other firms have also recently commented on SPRT. Analysts at B. Riley raised their price target on shares of Support.com from $4.50 to $5.50 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Separately, analysts at Northland Securities raised their price target on shares of Support.com from $5.75 to $6.50 in a research note to investors on Thursday, August 1st. Finally, analysts at Northland Capital Partners raised their price target on shares of Support.com from $5.75 to $6.50 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Support.com presently has a consensus rating of “Buy” and a consensus price target of $11.54.
Support.com, Inc (NASDAQ:SPRT) provides cloud-based services and software that power technology support programs and technical support organizations.
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