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Investment analysts at Deutsche Bank decreased their price objective on shares of NetSuite (NYSE:N) from $130.00 to $100.00 in a note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 35.89% from the company’s current price.

NetSuite (NYSE:N) traded up 3.55% during mid-day trading on Tuesday, hitting $76.20. 1,886,963 shares of the company’s stock traded hands. NetSuite has a 1-year low of $72.82 and a 1-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 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. Analysts expect that NetSuite will post $0.26 EPS for the current fiscal year.

In other NetSuite news, Chairman Evan Goldberg sold 20,000 shares of the stock on the open market in a transaction dated 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 transaction, the chairman now directly owns 69,652 shares of the company’s stock, 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.

A number of other analysts have also recently weighed in on N. Analysts at JMP Securities 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. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $110.25.

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

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