Qlik Technologies Research Coverage Started at Pacific Crest (QLIK)
Analysts at Pacific Crest started coverage on shares of Qlik Technologies (NASDAQ:QLIK) in a research report issued to clients and investors on Thursday. The firm set an “outperform” rating and a $36.00 price target on the stock. Pacific Crest’s price objective suggests a potential upside of 27.39% from the company’s current price.
Qlik Technologies (NASDAQ:QLIK) opened at 28.25 on Thursday. Qlik Technologies has a 1-year low of $20.17 and a 1-year high of $37.56. The stock’s 50-day moving average is $26.33 and its 200-day moving average is $25.01. The company’s market cap is $2.540 billion.
Qlik Technologies (NASDAQ:QLIK) last issued its quarterly 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. On average, analysts predict that Qlik Technologies will post $0.25 earnings per share for the current fiscal year.
QLIK has been the subject of a number of other recent research reports. 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. Separately, analysts at Barclays upgraded shares of Qlik Technologies from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 21st. They now have a $31.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at BMO Capital Markets initiated coverage on shares of Qlik Technologies in a research note on Thursday, July 17th. They set a “market perform” rating and a $22.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $31.67.
In other Qlik Technologies news, Insider Diane Adams sold 4,152 shares of Qlik Technologies stock in a transaction dated Monday, September 1st. The shares were sold at an average price of $28.40, for a total transaction of $117,916.80. The sale was disclosed in a document filed with the SEC, which is available at this link.
Qlik Technologies Inc (NASDAQ:QLIK) provides user-driven business intelligence (BI) solution that enables its customers.
Receive News & Ratings for Qlik Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qlik Technologies Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.