NetSuite Now Covered by Analysts at DA Davidson (N)
Analysts at DA Davidson began coverage on shares of NetSuite (NYSE:N) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $109.00 price target on the stock. DA Davidson’s target price would suggest a potential upside of 25.97% from the stock’s previous close.
In other NetSuite news, Insider Marc Huffman unloaded 4,502 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $82.99, for a total transaction of $373,620.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of NetSuite in a research note on Friday, July 25th. They now have a $100.00 price target on the stock, up previously from $90.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of NetSuite in a research note on Friday, July 25th. They now have a $115.00 price target on the stock, down previously from $125.00. Finally, analysts at Barclays raised their price target on shares of NetSuite from $94.00 to $96.00 in a research note on Friday, July 25th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $103.56.
NetSuite (NYSE:N) traded up 2.52% on Tuesday, hitting $86.53. 310,464 shares of the company’s stock traded hands. 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 $82. and its 200-day moving average is $88.31. The company’s market cap is $6.612 billion.
NetSuite (NYSE:N) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.03. The company had revenue of $131.80 million for the quarter, compared to the consensus estimate of $131.84 million. During the same quarter last year, the company posted $0.05 earnings per share. NetSuite’s revenue was up 30.5% compared to the same quarter last year. On average, analysts predict that NetSuite will post $0.26 earnings per share 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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