Absolute Software (NASDAQ:ALSWF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $7.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.41% from the stock’s current price.

According to Zacks, “Absolute Software Corporation engages in the business of providing firmware-persistent endpoint security and management solutions. It provides solutions for computer security monitoring and endpoint management industry. The company’s solutions include data protection, lifecycle management, enterprise mobility management and IT service management as well as data loss prevention. Absolute Software Corporation is headquartered in Vancouver, Canada. “

Separately, ValuEngine raised shares of Absolute Software from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $6.75.

Absolute Software (ALSWF) traded down 1.472% during trading on Tuesday, reaching $6.227. The company had a trading volume of 3,500 shares. Absolute Software has a 12-month low of $4.35 and a 12-month high of $6.50. The stock’s market cap is $245.91 million. The firm has a 50-day moving average price of $6.27 and a 200 day moving average price of $5.79.

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