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NetSuite (NYSE:N)‘s stock had its “outperform” rating restated by analysts at JMP Securities in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. They currently have a $101.00 price target on the stock, down from their previous price target of $121.00. JMP Securities’ price target points to a potential upside of 37.25% from the stock’s previous close.

Shares of NetSuite (NYSE:N) traded up 3.55% during mid-day trading on Tuesday, hitting $76.20. The stock had a trading volume of 1,886,963 shares. NetSuite has a one year low of $72.82 and a one year high of $120.77. The stock has a 50-day moving average of $91.06 and a 200-day moving average of $100.3. The company’s market cap is $5.757 billion.

NetSuite (NYSE:N) last announced its earnings results on Monday, April 28th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.04. The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $120.92 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 34.3% on a year-over-year basis. On average, analysts predict that NetSuite will post $0.26 earnings per share for the current fiscal year.

N has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of NetSuite in a research note on Tuesday. They now have a $125.00 price target on the stock, down previously from $135.00. Separately, analysts at Morgan Stanley reiterated an “outperform” rating on shares of NetSuite in a research note on Tuesday. They now have a $101.00 price target on the stock, down previously from $121.00. Finally, analysts at Nomura reiterated a “neutral” rating on shares of NetSuite in a research note on Tuesday. They now have a $100.00 price target on the stock. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $110.25.

In other NetSuite news, Chairman Evan Goldberg sold 20,000 shares of NetSuite stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $79.09, for a total transaction of $1,581,800.00. Following the completion of the transaction, the chairman now directly owns 69,652 shares in the company, valued at approximately $5,508,777. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NetSuite Inc (NYSE:N) is a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites.

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