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Nimble Storage (NASDAQ:NMBL) has received a consensus rating of “Buy” from the twenty brokerages that are covering the company, Analyst RN reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $39.19.

Nimble Storage (NASDAQ:NMBL) opened at 27.04 on Thursday. 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 $27.1 and its 200-day moving average is $32.15. The company’s market cap is $1.933 billion.

Nimble Storage (NASDAQ:NMBL) last released its earnings data on Tuesday, August 26th. The company reported ($0.15) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.01. The company had revenue of $53.80 million for the quarter, compared to the consensus estimate of $50.54 million. During the same quarter last year, the company posted ($0.51) earnings per share. The company’s revenue for the quarter was up 86.9% on a year-over-year basis. On average, analysts predict that Nimble Storage will post $-0.59 earnings per share for the current fiscal year.

In other Nimble Storage news, CEO Suresh Vasudevan sold 183,649 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $30.42, for a total transaction of $5,586,602.58. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on NMBL shares. Analysts at Raymond James raised their price target on shares of Nimble Storage from $33.00 to $35.00 in a research note on Wednesday, August 27th. Separately, analysts at Barclays raised their price target on shares of Nimble Storage from $28.00 to $30.00 in a research note on Wednesday, August 27th. They now have an “equal weight” rating on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Nimble Storage from $35.00 to $36.00 in a research note on Wednesday, August 27th. They now have a “strong-buy” rating on the stock.

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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