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Nimble Storage (NASDAQ:NMBL)‘s stock had its “underperform” rating restated by DA Davidson in a research note issued on Monday. They currently have a $22.00 price target on the stock. DA Davidson’s price objective indicates a potential downside of 24.86% from the stock’s previous close.

Shares of Nimble Storage (NASDAQ:NMBL) opened at 29.28 on Monday. Nimble Storage has a 52-week low of $19.17 and a 52-week high of $58.00. The stock’s 50-day moving average is $27.6 and its 200-day moving average is $38.47. The company’s market cap is $2.093 billion.

Nimble Storage (NASDAQ:NMBL) last issued its quarterly earnings data on Friday, February 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.02. The company had revenue of $41.70 million for the quarter, compared to the consensus estimate of $38.07 million. The company’s revenue for the quarter was up 106.4% on a year-over-year basis. On average, analysts predict that Nimble Storage will post $-0.58 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Wunderlich upgraded shares of Nimble Storage from a “hold” rating to a “buy” rating in a research note on Wednesday, May 21st. They now have a $38.00 price target on the stock. Separately, analysts at Goldman Sachs upgraded shares of Nimble Storage from a “neutral” rating to a “buy” rating in a research note on Thursday, May 15th. They now have a $34.00 price target on the stock, down previously from $46.00. Finally, analysts at Ned Davis Research upgraded shares of Nimble Storage from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $45.55.

Nimble Storage, Inc provides its customers with data storage platform. The Company focuses on research and development of its technology platform, developing new products and enhancing its cloud-based management services.

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