Cornerstone OnDemand Stock Rating Reaffirmed by Barclays (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD)‘s stock had its “overweight” rating reissued by investment analysts at Barclays in a note issued to investors on Thursday. They currently have a $52.00 target price on the stock, up from their previous target price of $50.00. Barclays’ price objective indicates a potential upside of 32.92% from the stock’s previous close.
A number of other firms have also recently commented on CSOD. Analysts at DA Davidson initiated coverage on shares of Cornerstone OnDemand in a research note on Tuesday, August 26th. They set a “neutral” rating and a $41.50 price target on the stock. Analysts at Maxim Group cut their price target on shares of Cornerstone OnDemand from $40.00 to $38.00 in a research note on Thursday, August 7th. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Cornerstone OnDemand currently has an average rating of “Buy” and an average price target of $57.82.
Shares of Cornerstone OnDemand (NASDAQ:CSOD) traded up 1.87% on Thursday, hitting $39.84. 64,135 shares of the company’s stock traded hands. Cornerstone OnDemand has a 1-year low of $32.82 and a 1-year high of $61.85. The stock’s 50-day moving average is $39. and its 200-day moving average is $43.72. The company’s market cap is $2.127 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.03. The company had revenue of $61.50 million for the quarter, compared to the consensus estimate of $63.57 million. During the same quarter last year, the company posted ($0.07) earnings per share. Cornerstone OnDemand’s revenue was up 38.8% compared to the same quarter last year. On average, analysts predict that Cornerstone OnDemand will post $-0.24 earnings per share for the current fiscal year.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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