Lake Street Capital Initiates Coverage on ClickSoftware Technologies (CKSW)
Investment analysts at Lake Street Capital began coverage on shares of ClickSoftware Technologies (NASDAQ:CKSW) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of ClickSoftware Technologies (NASDAQ:CKSW) traded up 3.26% during mid-day trading on Friday, hitting $10.13. The stock had a trading volume of 97,235 shares. ClickSoftware Technologies has a one year low of $5.72 and a one year high of $10.20. The stock has a 50-day moving average of $8.62 and a 200-day moving average of $7.27. The company’s market cap is $327.5 million.
ClickSoftware Technologies (NASDAQ:CKSW) last released its earnings data on Wednesday, February 5th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.09. The company had revenue of $30.70 million for the quarter, compared to the consensus estimate of $28.25 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts predict that ClickSoftware Technologies will post $0.08 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CKSW. Analysts at Northland Securities raised their price target on shares of ClickSoftware Technologies to $11.00 in a research note on Tuesday, January 14th. Analysts at Zacks upgraded shares of ClickSoftware Technologies from an “underperform” rating to a “neutral” rating in a research note on Tuesday, December 24th. They now have a $7.50 price target on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus 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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