Cornerstone OnDemand Price Target Increased to $70.00 by Analysts at JMP Securities (CSOD)
Research analysts at JMP Securities lifted their target price on shares of Cornerstone OnDemand (NASDAQ:CSOD) from $56.00 to $70.00 in a report released on Wednesday, AmericanBankingNews.com reports. JMP Securities’ target price suggests a potential upside of 19.60% from the company’s current price.
In other Cornerstone OnDemand news, CEO Adam L. Miller unloaded 12,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $57.03, for a total transaction of $729,984.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on CSOD. Analysts at Northland Capital Partners raised their price target on shares of Cornerstone OnDemand from $58.00 to $62.00 in a research note on Wednesday, January 15th. They now have an “outperform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Cornerstone OnDemand from $60.00 to $65.00 in a research note on Friday, January 10th. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Cornerstone OnDemand in a research note on Wednesday, December 11th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $60.00.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded down 2.57% during mid-day trading on Wednesday, hitting $56.86. 357,587 shares of the company’s stock traded hands. Cornerstone OnDemand has a 52 week low of $30.14 and a 52 week high of $58.51. The stock has a 50-day moving average of $55.22 and a 200-day moving average of $51.41. The company’s market cap is $2.958 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $54.90 million for the quarter, compared to the consensus estimate of $55.08 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was up 49.6% on a year-over-year basis. Analysts expect that Cornerstone OnDemand will post $-0.21 EPS for the current fiscal year.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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