Qlik Technologies Receives Average Recommendation of “Buy” from Analysts (NASDAQ:QLIK)
Qlik Technologies (NASDAQ:QLIK) has earned an average rating of “Buy” from the twenty-two brokerages that are currently covering the stock, AR Network reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $31.78.
In other Qlik Technologies news, Insider Diane Adams unloaded 4,152 shares of Qlik Technologies stock on the open market in a transaction that occurred on Monday, September 1st. The shares were sold at an average price of $28.40, for a total transaction of $117,916.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Qlik Technologies (NASDAQ:QLIK) traded up 1.20% on Thursday, hitting $28.59. 306,741 shares of the company’s stock traded hands. Qlik Technologies has a 52-week low of $20.17 and a 52-week high of $37.56. The stock has a 50-day moving average of $26.33 and a 200-day moving average of $25.01. The company’s market cap is $2.571 billion.
Qlik Technologies (NASDAQ:QLIK) last released its earnings data on Thursday, July 24th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.05. The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $125.30 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. Analysts expect that Qlik Technologies will post $0.25 EPS for the current fiscal year.
A number of research firms have recently commented on QLIK. Analysts at Barclays reiterated an “overweight” rating on shares of Qlik Technologies in a research note on Thursday. They now have a $33.00 price target on the stock, up previously from $31.00. Separately, analysts at Pacific Crest initiated coverage on shares of Qlik Technologies in a research note on Thursday. They set an “outperform” rating and a $36.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Qlik Technologies from $24.00 to $27.00 in a research note on Friday, July 25th. They now have a “market perform” rating on the stock.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
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