Fatpipe Inc/UT (NASDAQ:FATN) Stock Rating Upgraded by Wall Street Zen

Fatpipe Inc/UT (NASDAQ:FATN) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other equities research analysts have also issued reports about the company. D. Boral Capital restated a “buy” rating and issued a $8.00 price target on shares of Fatpipe Inc/UT in a research report on Friday, May 1st. Weiss Ratings raised shares of Fatpipe Inc/UT from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Finally, Northland Securities assumed coverage on Fatpipe Inc/UT in a research note on Monday, May 11th. They issued an “outperform” rating and a $12.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.00.

Fatpipe Inc/UT Price Performance

Shares of NASDAQ:FATN opened at $5.98 on Friday. The stock has a 50 day moving average price of $4.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.85 and a quick ratio of 3.75. The firm has a market capitalization of $83.84 million, a price-to-earnings ratio of 17.09 and a beta of 2.77. Fatpipe Inc/UT has a 1 year low of $1.31 and a 1 year high of $10.77.

Institutional Investors Weigh In On Fatpipe Inc/UT

A hedge fund recently bought a new position in Fatpipe Inc/UT stock. Renaissance Technologies LLC purchased a new stake in Fatpipe Inc/UT (NASDAQ:FATN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,300 shares of the company’s stock, valued at approximately $51,000. Renaissance Technologies LLC owned approximately 0.18% of Fatpipe Inc/UT as of its most recent SEC filing.

Fatpipe Inc/UT Company Profile

FatPipe is a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. Organizations, large and small, have become increasingly dependent on their information technology (“IT”) network infrastructure for data access and communications, and the critical importance of network reliability, extensibility, and durability has continued to grow as the volume of traffic across those networks expands.