Qlik Technologies Price Target Cut to $33.00 (QLIK)
Equities researchers at JMP Securities cut their price objective on shares of Qlik Technologies (NASDAQ:QLIK) from $35.00 to $33.00 in a research report issued on Friday, AmericanBankingNews.com reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ target price indicates a potential upside of 21.73% from the company’s current price.
Shares of Qlik Technologies (NASDAQ:QLIK) opened at 27.11 on Friday. Qlik Technologies has a 52 week low of $16.71 and a 52 week high of $35.70. The stock’s 50-day moving average is $33.08 and its 200-day moving average is $29.1. The company’s market cap is $2.382 billion. Qlik Technologies also was the target of some unusual options trading activity on Friday. Investors bought 12,021 put options on the company. This is an increase of 484% compared to the typical volume of 2,060 put options.
Qlik Technologies (NASDAQ:QLIK) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $104.10 million for the quarter, compared to the consensus estimate of $107.80 million. During the same quarter last year, the company posted $0.02 earnings per share. Qlik Technologies’s revenue was up 20.9% compared to the same quarter last year. On average, analysts predict that Qlik Technologies will post $0.38 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Qlik Technologies from $31.00 to $29.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at FBN Securities cut their price target on shares of Qlik Technologies from $31.00 to $27.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Qlik Technologies from $35.00 to $31.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.34.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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.