SciQuest Price Target Increased to $29.00 by Analysts at Pacific Crest (SQI)
Analysts at Pacific Crest lifted their target price on shares of SciQuest (NYSE:SQI) from $28.00 to $29.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports. Pacific Crest’s price target would indicate a potential upside of 7.61% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of SciQuest from $24.00 to $28.00 in a research note to investors on Friday, January 17th. They now have a “hold” rating on the stock. Analysts at JMP Securities set a $31.00 price target on shares of SciQuest in a research note to investors on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $27.50.
SciQuest (NYSE:SQI) traded up 6.90% on Friday, hitting $26.95. The stock had a trading volume of 307,517 shares. SciQuest has a 52-week low of $16.36 and a 52-week high of $30.83. The stock has a 50-day moving average of $27.61 and a 200-day moving average of $24.72. The company’s market cap is $639.6 million.
SciQuest (NYSE:SQI) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $25.80 million for the quarter, compared to the consensus estimate of $25.50 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. Analysts expect that SciQuest will post $0.43 EPS for the current fiscal year.
SciQuest, Inc provides on-demand strategic procurement and supplier management solutions. The Company’s on-demand software enables organizations to realize the benefits of strategic procurement by identifying and establishing contracts with preferred suppliers, driving spend to those contracts and promoting process efficiencies through electronic transactions.
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