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ServiceNow (NYSE:NOW) has received an average rating of “Buy” from the twenty-four analysts that are covering the stock, reports. Six equities research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $63.06.

In other ServiceNow news, Insider Frederic B. Luddy sold 151,400 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $51.23, for a total transaction of $7,756,222.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NOW has been the subject of a number of recent research reports. Analysts at Robert W. Baird initiated coverage on shares of ServiceNow in a research note on Monday. They set a “neutral” rating on the stock. Separately, analysts at Stephens initiated coverage on shares of ServiceNow in a research note on Friday, May 23rd. They set an “overweight” rating on the stock. Finally, analysts at Barclays cut their price target on shares of ServiceNow from $71.00 to $63.00 in a research note on Friday, May 23rd. They now have an “overweight” rating on the stock.

Shares of ServiceNow (NYSE:NOW) traded up 0.78% during mid-day trading on Friday, hitting $54.31. The stock had a trading volume of 618,744 shares. ServiceNow has a 1-year low of $35.90 and a 1-year high of $71.80. The stock’s 50-day moving average is $50.24 and its 200-day moving average is $57.04. The company’s market cap is $7.790 billion.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.08) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.08). The company had revenue of $139.09 million for the quarter, compared to the consensus estimate of $134.64 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 61.8% on a year-over-year basis. On average, analysts predict that ServiceNow will post $-0.06 earnings per share for the current fiscal year.

ServiceNow, Inc is a provider of cloud-based services to automate enterprise information technology (NYSE:NOW) operations.

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