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NetSuite (NYSE:N) Director William L. Beane III unloaded 1,122 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $80.04, for a total transaction of $89,804.88. Following the completion of the transaction, the director now directly owns 7,699 shares in the company, valued at approximately $616,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on N. Analysts at Mizuho initiated coverage on shares of NetSuite in a research note on Monday, June 2nd. They set a “neutral” rating and a $80.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Barclays reiterated an “overweight” rating on shares of NetSuite in a research note on Friday, May 23rd. They now have a $94.00 price target on the stock, down previously from $116.00. Finally, analysts at Goldman Sachs cut their price target on shares of NetSuite from $115.00 to $92.00 in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $105.53.

NetSuite (NYSE:N) traded up 2.91% during mid-day trading on Friday, hitting $82.88. The stock had a trading volume of 661,255 shares. NetSuite has a 52-week low of $69.48 and a 52-week high of $120.77. The stock’s 50-day moving average is $77.50 and its 200-day moving average is $94.69. The company’s market cap is $6.282 billion. NetSuite also saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 3,033,658 shares, an increase of 84.4% from the April 30th total of 1,645,570 shares. Based on an average daily volume of 1,111,581 shares, the days-to-cover ratio is presently 2.7 days. Currently, 9.1% of the shares of the company are sold short.

NetSuite (NYSE:N) last posted its quarterly 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 $0.27 EPS for the current fiscal year.

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

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