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Research analysts at Roth Capital began coverage on shares of Nimble Storage (NASDAQ:NMBL) in a report released on Friday, reports. The firm set a “buy” rating on the stock.

Shares of Nimble Storage (NASDAQ:NMBL) opened at 24.59 on Friday. Nimble Storage has a 52-week low of $19.17 and a 52-week high of $58.00. The stock has a 50-day moving average of $27.31 and a 200-day moving average of $35.63. The company’s market cap is $1.758 billion.

Nimble Storage (NASDAQ:NMBL) last posted its quarterly earnings results on Thursday, May 29th. 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 $46.50 million for the quarter, compared to the consensus estimate of $43.70 million. The company’s revenue for the quarter was up 110.4% on a year-over-year basis. Analysts expect that Nimble Storage will post $-0.59 EPS for the current fiscal year.

A number of other firms have also recently commented on NMBL. Analysts at Wunderlich initiated coverage on shares of Nimble Storage in a research note on Thursday, June 26th. They set a “buy” rating and a $38.00 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of Nimble Storage from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 18th. They now have a $38.00 price target on the stock. Finally, analysts at Macquarie upgraded shares of Nimble Storage from a “neutral” rating to an “outperform” rating in a research note on Monday, June 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $39.07.

In other Nimble Storage news, CTO Umesh Maheshwari unloaded 32,000 shares of the stock on the open market in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $25.99, for a total transaction of $831,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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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