Investors Purchase High Volume of Call Options on Intuit (INTU)
Intuit (NASDAQ:INTU) saw unusually large options trading activity on Thursday. Investors purchased 6,247 call options on the company, StockRatingsNetwork reports. This represents an increase of approximately 832% compared to the average daily volume of 670 call options.
INTU has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Intuit in a research note on Wednesday. They now have a $66.00 price target on the stock, down previously from $72.00. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Intuit in a research note on Wednesday, May 28th. They now have a $84.00 price target on the stock, up previously from $77.00. One analyst has rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Intuit has an average rating of “Hold” and a consensus price target of $78.21.
Intuit (NASDAQ:INTU) traded up 0.63% on Thursday, hitting $85.81. 1,690,992 shares of the company’s stock traded hands. Intuit has a 1-year low of $61.50 and a 1-year high of $85.58. The stock has a 50-day moving average of $82.03 and a 200-day moving average of $78.3. The company has a market cap of $24.360 billion and a P/E ratio of 27.22.
Intuit (NASDAQ:INTU) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.06. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $699.49 million. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that Intuit will post $3.58 earnings per share for the current fiscal year.
Intuit Inc (NASDAQ:INTU) is a provider of business and financial management solutions for small businesses, consumers, accounting professionals and financial institutions.
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