Netskope Inc. (NASDAQ:NTSK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Netskope Inc. (NASDAQ:NTSK) have been assigned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $27.1765.

NTSK has been the topic of a number of recent research reports. Independent Research set a $27.00 price objective on Netskope in a research report on Monday, October 13th. Cowen assumed coverage on Netskope in a report on Monday, October 13th. They set a “buy” rating on the stock. Citizens Jmp began coverage on Netskope in a research report on Monday, October 13th. They issued a “mkt outperform” rating and a $27.00 price target for the company. Robert W. Baird started coverage on shares of Netskope in a research report on Monday, October 27th. They set an “outperform” rating and a $27.00 price objective on the stock. Finally, Zacks Research raised shares of Netskope to a “hold” rating in a research note on Monday, October 20th.

Institutional Investors Weigh In On Netskope

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of Netskope during the third quarter valued at approximately $41,000. Assetmark Inc. purchased a new position in Netskope during the 3rd quarter worth $83,000. RiverPark Advisors LLC bought a new stake in Netskope during the 3rd quarter valued at $87,000. SBI Securities Co. Ltd. purchased a new stake in shares of Netskope in the 3rd quarter worth $89,000. Finally, Ameriflex Group Inc. bought a new position in shares of Netskope during the 3rd quarter worth $127,000.

Netskope Stock Down 1.1%

Shares of NTSK opened at $18.29 on Friday. Netskope has a 1 year low of $17.32 and a 1 year high of $27.99. The firm’s 50 day moving average is $20.53.

Netskope (NASDAQ:NTSK) last released its quarterly earnings data on Thursday, December 11th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.15. The company had revenue of $184.17 million for the quarter, compared to the consensus estimate of $175.81 million. Netskope’s revenue was up 33.0% on a year-over-year basis.

Netskope Company Profile

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.