Anaplan (PLAN) Downgraded to “Equal Weight” at Barclays

Anaplan (NYSE:PLAN) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, The Fly reports.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Anaplan from a “hold” rating to a “sell” rating in a research report on Saturday, January 26th. Evercore ISI began coverage on shares of Anaplan in a research report on Tuesday, November 6th. They issued an “inline” rating and a $26.00 price objective for the company. Canaccord Genuity began coverage on shares of Anaplan in a research report on Tuesday, November 6th. They issued a “buy” rating and a $27.00 price objective for the company. Morgan Stanley began coverage on shares of Anaplan in a research report on Tuesday, November 6th. They issued an “equal weight” rating and a $23.00 price objective for the company. Finally, SunTrust Banks began coverage on shares of Anaplan in a research report on Tuesday, November 6th. They issued a “buy” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.33.

Shares of NYSE:PLAN opened at $31.37 on Friday. Anaplan has a 52 week low of $20.37 and a 52 week high of $33.14.

Anaplan (NYSE:PLAN) last announced its quarterly earnings data on Wednesday, November 28th. The company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.01. The firm had revenue of $62.00 million during the quarter, compared to analyst estimates of $57.47 million. The business’s quarterly revenue was up 40.3% compared to the same quarter last year. As a group, equities research analysts expect that Anaplan will post -1.14 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of PLAN. Frontier Capital Management Co. LLC purchased a new position in shares of Anaplan during the 4th quarter worth approximately $8,313,000. Emerald Advisers LLC purchased a new stake in Anaplan in the 4th quarter worth approximately $422,000. Rhumbline Advisers purchased a new stake in Anaplan in the 4th quarter worth approximately $643,000. TD Asset Management Inc. purchased a new stake in Anaplan in the 4th quarter worth approximately $391,000. Finally, Breakline Capital LLC purchased a new stake in Anaplan in the 4th quarter worth approximately $738,000. 0.27% of the stock is owned by institutional investors.

Anaplan Company Profile

Anaplan, Inc provides a cloud-based connected planning platform Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations.

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