Absolute Software (NASDAQ:ALSWF) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $6.50 for the company, according to Zacks. Zacks has also assigned Absolute Software an industry rank of 83 out of 265 based on the ratings given to its competitors.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Absolute Software from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Thursday, May 25th. ValuEngine upgraded shares of Absolute Software from a “sell” rating to a “hold” rating in a research report on Friday.
Shares of Absolute Software (NASDAQ:ALSWF) traded up 1.60% during trading on Tuesday, reaching $5.97. The company’s market capitalization is $235.76 million. The stock has a 50-day moving average of $5.71 and a 200 day moving average of $5.30. Absolute Software has a 52-week low of $4.35 and a 52-week high of $6.48.
Absolute Software (NASDAQ:ALSWF) last issued its earnings results on Monday, May 8th. The industrial products company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $23.09 million for the quarter, compared to analyst estimates of $23.20 million.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Absolute Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Absolute Software and related companies with MarketBeat.com's FREE daily email newsletter.