Qlik Technologies Price Target Lowered to $27.00 at FBN Securities (QLIK)
FBN Securities lowered their price target on shares of Qlik Technologies (NASDAQ:QLIK) from $31.00 to $27.00 in a research note issued on Friday, Analyst Ratings News reports. The firm currently has a “sector perform” rating on the stock. FBN Securities’ target price suggests a potential downside of 0.41% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at William Blair initiated coverage on shares of Qlik Technologies in a research note to investors on Tuesday, October 8th. They set an “outperform” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Qlik Technologies from $35.00 to $40.00 in a research note to investors on Friday, September 27th. They now have an “outperform” rating on the stock. One equities research 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’s stock. Qlik Technologies currently has an average rating of “Buy” and a consensus target price of $33.34.
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 saw some unusual options trading activity on Friday. Investors purchased 12,021 put options on the company. This is an increase of approximately 484% compared to the typical volume of 2,060 put options.
Qlik Technologies (NASDAQ:QLIK) last released its 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 in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, analysts predict that Qlik Technologies will post $0.38 earnings per share for the current fiscal year.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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