Tableau Software, Inc. (DATA) Given Consensus Rating of “Hold” by Analysts
Tableau Software, Inc. (NYSE:DATA) has been given an average rating of “Hold” by the thirty-seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $71.78.
Several equities research analysts recently issued reports on the company. Maxim Group reissued a “sell” rating and set a $40.00 price objective on shares of Tableau Software in a research note on Friday, November 3rd. BidaskClub raised Tableau Software from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “sector perform” rating and set a $75.00 price objective (up previously from $70.00) on shares of Tableau Software in a research note on Wednesday, October 11th. Bank of America Corporation lifted their price objective on Tableau Software from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, KeyCorp reissued a “buy” rating and set a $85.00 price objective on shares of Tableau Software in a research note on Friday, October 6th.
WARNING: “Tableau Software, Inc. (DATA) Given Consensus Rating of “Hold” by Analysts” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/23/tableau-software-inc-data-given-consensus-rating-of-hold-by-analysts.html.
In other news, Director A Brooke Seawell sold 1,005 shares of Tableau Software stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $72.23, for a total value of $72,591.15. Following the transaction, the director now owns 3,015 shares in the company, valued at $217,773.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William Bosworth sold 450 shares of Tableau Software stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $71.52, for a total value of $32,184.00. Following the completion of the transaction, the director now owns 9,099 shares in the company, valued at approximately $650,760.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 674,941 shares of company stock valued at $47,735,243. Corporate insiders own 28.98% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DATA. ETF Managers Group LLC purchased a new position in shares of Tableau Software in the second quarter worth about $119,000. Invictus RG purchased a new position in shares of Tableau Software in the third quarter worth about $123,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tableau Software by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock worth $129,000 after buying an additional 231 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock worth $139,000 after buying an additional 1,409 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Tableau Software by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after buying an additional 167 shares during the period. Hedge funds and other institutional investors own 82.67% of the company’s stock.
Tableau Software (DATA) traded down $0.25 during trading on Thursday, hitting $69.43. The stock had a trading volume of 959,200 shares, compared to its average volume of 1,035,958. Tableau Software has a 52-week low of $41.41 and a 52-week high of $82.32.
Tableau Software (NYSE:DATA) last posted its quarterly earnings results on Thursday, November 2nd. The software company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The firm had revenue of $214.90 million during the quarter, compared to analyst estimates of $219.43 million. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. research analysts anticipate that Tableau Software will post -1.63 EPS for the current fiscal year.
About Tableau Software
Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.
Receive News & Ratings for Tableau Software Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tableau Software Inc. and related companies with MarketBeat.com's FREE daily email newsletter.