Short Interest in Tableau Software Grows By 50.4% (DATA)
Tableau Software (NYSE:DATA) was the target of a large growth in short interest during the month of May. As of May 30th, there was short interest totalling 4,969,701 shares, a growth of 50.4% from the May 15th total of 3,303,459 shares, AnalystRatingsNetwork.com reports. Currently, 13.3% of the shares of the stock are short sold. Based on an average trading volume of 2,151,591 shares, the days-to-cover ratio is currently 2.3 days.
A number of research firms have recently commented on DATA. Analysts at Goldman Sachs cut their price target on shares of Tableau Software from $115.00 to $85.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna cut their price target on shares of Tableau Software from $89.00 to $74.00 in a research note on Tuesday, May 6th. Finally, analysts at Mizuho raised their price target on shares of Tableau Software from $60.00 to $65.00 in a research note on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $82.94.
Shares of Tableau Software (NYSE:DATA) opened at 69.89 on Wednesday. Tableau Software has a 1-year low of $51.99 and a 1-year high of $102.37. The stock has a 50-day moving average of $60.4 and a 200-day moving average of $72.52. The company has a market cap of $4.750 billion and a P/E ratio of 825.12.
Tableau Software (NYSE:DATA) last released its earnings data on Monday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.10. The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $63.04 million. The company’s revenue for the quarter was up 86.5% on a year-over-year basis. On average, analysts predict that Tableau Software will post $-0.10 earnings per share for the current fiscal year.
Tableau Software, Inc is a computer software company. The Company’s products are used by people across all kinds of organizations, including Fortune 500 corporations, small and medium-sized businesses, government agencies, universities, research institutions and non-profits.
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