ClickSoftware Technologies Price Target Raised to $11.00 at Northland Securities (CKSW)
Equities researchers at Northland Securities lifted their price objective on shares of ClickSoftware Technologies (NASDAQ:CKSW) to $11.00 in a research report issued on Tuesday, Stock Ratings Network.com reports. Northland Securities’ target price points to a potential upside of 20.09% from the company’s current price.
Shares of ClickSoftware Technologies (NASDAQ:CKSW) traded up 4.09% during mid-day trading on Tuesday, hitting $9.16. The stock had a trading volume of 347,171 shares. ClickSoftware Technologies has a 52-week low of $5.72 and a 52-week high of $9.55. The stock’s 50-day moving average is $7.39 and its 200-day moving average is $7.02. The company’s market cap is $295.3 million.
ClickSoftware Technologies (NASDAQ:CKSW) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.13. The company had revenue of $23.30 million for the quarter, compared to the consensus estimate of $28.25 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 14.7% on a year-over-year basis. On average, analysts predict that ClickSoftware Technologies will post $-0.19 earnings per share for the current fiscal year.
CKSW has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of ClickSoftware Technologies from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $7.50 price target on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of ClickSoftware Technologies in a research note to investors on Tuesday, October 29th. They set an “outperform” rating and a $10.00 price target on the stock. Finally, analysts at Jefferson Research upgraded shares of ClickSoftware Technologies from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $8.50.
ClickSoftware Technologies Ltd. is a provider of software products and solutions for workforce management and optimization for the service sector.
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