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Shares of Nimble Storage (NASDAQ:NMBL) have earned an average recommendation of “Buy” from the nineteen ratings firms that are covering the company, AnalystRatings.NET reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $39.27.

In other Nimble Storage news, CTO Umesh Maheshwari unloaded 32,000 shares of Nimble Storage stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $25.99, for a total value of $831,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NMBL has been the subject of a number of recent research reports. Analysts at Pacific Crest raised their price target on shares of Nimble Storage from $42.00 to $44.00 in a research note on Monday. Separately, analysts at Roth Capital initiated coverage on shares of Nimble Storage in a research note on Friday. They set a “buy” rating and a $40.00 price target on the stock. Finally, 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.

Nimble Storage (NASDAQ:NMBL) opened at 26.17 on Friday. Nimble Storage has a one year low of $19.17 and a one year high of $58.00. The stock’s 50-day moving average is $27.2 and its 200-day moving average is $35.27. The company’s market cap is $1.871 billion.

Nimble Storage (NASDAQ:NMBL) last posted its quarterly earnings results on Thursday, May 29th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue 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.

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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