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Tag: Reiterated Rating

  • Royal Bank Of Canada Reaffirms “Buy” Rating for NVIDIA (NASDAQ:NVDA)

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    NVIDIA (NASDAQ:NVDA – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, Marketbeat.com reports.

    Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their target price on NVIDIA from $180.00 to $215.00 and gave the company a “hold” rating in a report on Thursday, November 20th. Citigroup reaffirmed a “buy” rating on shares of NVIDIA in a research report on Monday, December 29th. Zacks Research cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Wolfe Research raised their price objective on shares of NVIDIA from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Finally, Oppenheimer reissued an “outperform” rating and issued a $265.00 target price on shares of NVIDIA in a research report on Thursday, November 20th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $263.41.

    Check Out Our Latest Analysis on NVDA

    NVIDIA Trading Down 0.3%

    Shares of NVDA opened at $186.54 on Thursday. The firm has a fifty day simple moving average of $184.23 and a two-hundred day simple moving average of $180.61. NVIDIA has a twelve month low of $86.62 and a twelve month high of $212.19. The stock has a market capitalization of $4.53 trillion, a P/E ratio of 46.29, a PEG ratio of 0.91 and a beta of 2.31. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

    NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The company had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same period in the prior year, the business posted $0.81 earnings per share. NVIDIA’s revenue for the quarter was up 62.5% on a year-over-year basis. On average, research analysts anticipate that NVIDIA will post 2.77 EPS for the current year.

    Insiders Place Their Bets

    In related news, Director Mark A. Stevens sold 222,500 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $180.17, for a total transaction of $40,087,825.00. Following the sale, the director directly owned 7,621,453 shares of the company’s stock, valued at approximately $1,373,157,187.01. This represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 200,000 shares of NVIDIA stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $187.82, for a total transaction of $37,564,000.00. Following the completion of the transaction, the executive vice president directly owned 3,818,547 shares of the company’s stock, valued at $717,199,497.54. This trade represents a 4.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,734,114 shares of company stock valued at $317,034,081. Company insiders own 4.17% of the company’s stock.

    Hedge Funds Weigh In On NVIDIA

    Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. State Street Corp raised its position in NVIDIA by 1.0% in the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock worth $154,556,803,000 after buying an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of NVIDIA by 1.5% during the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its position in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock valued at $64,976,521,000 after purchasing an additional 382,231,120 shares during the period. Norges Bank purchased a new stake in NVIDIA in the second quarter worth approximately $51,386,863,000. Finally, Legal & General Group Plc grew its position in NVIDIA by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock worth $33,808,862,000 after purchasing an additional 2,609,560 shares during the period. 65.27% of the stock is owned by institutional investors.

    Key Stories Impacting NVIDIA

    Here are the key news stories impacting NVIDIA this week:

    About NVIDIA

    (Get Free Report)

    NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

    The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

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    Analyst Recommendations for NVIDIA (NASDAQ:NVDA)



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  • Tesla (NASDAQ:TSLA) Earns “Buy” Rating from Royal Bank Of Canada

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    Tesla (NASDAQ:TSLA – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Royal Bank Of Canada in a report issued on Friday,MarketScreener Latest Ratings reports. They presently have a $500.00 target price on the electric vehicle producer’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 14.14% from the stock’s current price.

    Several other brokerages also recently commented on TSLA. Robert W. Baird upgraded Tesla from a “neutral” rating to an “outperform” rating and increased their price target for the company from $320.00 to $548.00 in a report on Friday, September 19th. New Street Research raised their target price on shares of Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Wall Street Zen raised Tesla from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Benchmark reissued a “buy” rating on shares of Tesla in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $414.92.

    Get Our Latest Analysis on Tesla

    Tesla Price Performance

    NASDAQ TSLA opened at $438.07 on Friday. Tesla has a 1 year low of $214.25 and a 1 year high of $498.83. The business’s fifty day moving average is $445.77 and its two-hundred day moving average is $391.34. The stock has a market capitalization of $1.46 trillion, a P/E ratio of 292.05, a P/E/G ratio of 7.00 and a beta of 1.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07.

    Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, research analysts forecast that Tesla will post 2.56 earnings per share for the current fiscal year.

    Insider Buying and Selling at Tesla

    In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. This trade represents a 16.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. 19.90% of the stock is owned by insiders.

    Institutional Investors Weigh In On Tesla

    Several hedge funds have recently added to or reduced their stakes in TSLA. Norges Bank acquired a new position in shares of Tesla during the 2nd quarter valued at $11,839,824,000. Kingstone Capital Partners Texas LLC raised its holdings in shares of Tesla by 581,880.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock valued at $2,044,683,000 after purchasing an additional 6,435,598 shares during the period. Vanguard Group Inc. raised its holdings in shares of Tesla by 1.8% during the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after purchasing an additional 4,502,976 shares during the period. Holocene Advisors LP boosted its position in shares of Tesla by 132.2% during the 3rd quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock worth $2,738,141,000 after purchasing an additional 3,505,000 shares in the last quarter. Finally, Amundi grew its stake in shares of Tesla by 20.4% in the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after buying an additional 3,422,270 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

    Key Headlines Impacting Tesla

    Here are the key news stories impacting Tesla this week:

    • Positive Sentiment: RBC reiterated a “buy” on TSLA with a $500 price target — a signal that some large brokers still see meaningful upside tied to Tesla’s longer‑term story. MarketScreener Latest Ratings
    • Positive Sentiment: Dan Ives and other bulls kept high targets and public optimism about Tesla’s valuation if autonomy/robotaxi execution accelerates — a reminder investors are pricing optionality beyond car volumes. Dan Ives Maintains Street-High Tesla Price Target
    • Positive Sentiment: Record energy‑storage deployments in Q4 were disclosed alongside vehicle numbers — a business line that can help revenue diversification and offset auto weakness. Benzinga: Tesla Deliveries Slide, Energy Storage Hits Records
    • Neutral Sentiment: Some Wall Street coverage and commentators note Tesla can “shake off” the delivery miss because investors are focused on AI/autonomy upside — but that view depends on execution and timing. TSLA: Tesla Stock Rises Despite Missing Q4 Delivery Estimates
    • Neutral Sentiment: Canaccord and other sell‑side analysts are discussing CyberCab/robotaxi scale plans for 2026 — bullish if achieved but execution risk remains. Canaccord Genuity on CyberCab Production
    • Negative Sentiment: Tesla reported Q4 deliveries (~418k) down ~16% year‑over‑year and full‑year sales declined for a second consecutive year, missing already‑low Street expectations — the direct driver of today’s negative price reaction. Reuters: Tesla’s quarterly deliveries fall
    • Negative Sentiment: BYD overtook Tesla as the world’s top battery‑electric seller in 2025 — a strategic and competitive setback that raises pricing and market‑share concerns, especially in China and Europe. MarketWatch: BYD overtakes Tesla
    • Negative Sentiment: Regional weakness (sharp registration declines in parts of Europe) and the expiration of U.S. federal EV tax breaks were cited as reasons for demand softness — risks to near‑term volumes. Benzinga: Tesla’s European slump worsens
    • Negative Sentiment: Some broker moves trimmed targets/ratings (Truist trimmed price target to $439 and maintained a Hold; other houses remain cautious), adding pressure for disappointed near‑term returns. TickerReport: Truist lowers PT on Tesla

    About Tesla

    (Get Free Report)

    Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

    Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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    Analyst Recommendations for Tesla (NASDAQ:TSLA)



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  • Guggenheim Reaffirms Neutral Rating for Snowflake (NYSE:SNOW)

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    Snowflake (NYSE:SNOW – Get Free Report)‘s stock had its “neutral” rating reiterated by equities researchers at Guggenheim in a report released on Thursday,Benzinga reports.

    Several other analysts also recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Snowflake from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. Needham & Company LLC upped their price target on shares of Snowflake from $230.00 to $280.00 and gave the company a “buy” rating in a report on Thursday. Hsbc Global Res cut shares of Snowflake from a “hold” rating to a “strong sell” rating in a report on Thursday, May 22nd. Monness Crespi & Hardt upped their price objective on shares of Snowflake from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Truist Financial upped their price objective on shares of Snowflake from $235.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.53.

    Check Out Our Latest Analysis on Snowflake

    Snowflake Price Performance

    NYSE SNOW opened at $238.69 on Thursday. The stock has a market capitalization of $79.69 billion, a P/E ratio of -57.51 and a beta of 1.22. Snowflake has a 1 year low of $107.13 and a 1 year high of $249.99. The business’s fifty day moving average is $211.41 and its two-hundred day moving average is $185.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.58 and a current ratio of 1.58.

    Insider Buying and Selling at Snowflake

    In other news, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $216.00, for a total transaction of $2,160,000.00. Following the transaction, the executive vice president directly owned 537,336 shares in the company, valued at $116,064,576. The trade was a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Teresa Briggs sold 1,146 shares of the business’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $217.74, for a total transaction of $249,530.04. Following the transaction, the director owned 4,474 shares in the company, valued at $974,168.76. This represents a 20.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,226,909 shares of company stock valued at $719,343,881 over the last ninety days. 6.80% of the stock is currently owned by company insiders.

    Institutional Trading of Snowflake

    Institutional investors have recently bought and sold shares of the business. Trust Co. of Toledo NA OH bought a new stake in shares of Snowflake during the 2nd quarter worth approximately $25,000. Avion Wealth lifted its holdings in shares of Snowflake by 76.6% during the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after acquiring an additional 49 shares during the period. Rossby Financial LCC lifted its holdings in shares of Snowflake by 4,233.3% during the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after acquiring an additional 127 shares during the period. Whittier Trust Co. lifted its holdings in shares of Snowflake by 149.1% during the 2nd quarter. Whittier Trust Co. now owns 137 shares of the company’s stock worth $31,000 after acquiring an additional 82 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Snowflake by 417.2% during the 2nd quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock worth $34,000 after acquiring an additional 121 shares during the period. Institutional investors own 65.10% of the company’s stock.

    Snowflake Company Profile

    (Get Free Report)

    Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.

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    Analyst Recommendations for Snowflake (NYSE:SNOW)



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  • Weiss Ratings Reiterates Hold (C+) Rating for A10 Networks (NYSE:ATEN)

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    Weiss Ratings reaffirmed their hold (c+) rating on shares of A10 Networks (NYSE:ATEN – Free Report) in a research note issued to investors on Saturday morning,Weiss Ratings reports.

    Several other brokerages have also weighed in on ATEN. Raymond James Financial began coverage on A10 Networks in a report on Wednesday, April 23rd. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft began coverage on A10 Networks in a report on Friday, June 27th. They issued a “buy” rating and a $22.00 price objective for the company. Craig Hallum raised A10 Networks from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Friday, May 2nd. BWS Financial reissued a “buy” rating and issued a $24.00 price objective on shares of A10 Networks in a report on Friday, May 2nd. Finally, BTIG Research raised A10 Networks from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Wednesday, August 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, A10 Networks currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

    Check Out Our Latest Stock Report on ATEN

    A10 Networks Stock Down 0.0%

    Shares of NYSE ATEN opened at $17.18 on Friday. A10 Networks has a 1 year low of $12.72 and a 1 year high of $21.90. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 25.26 and a beta of 1.35. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.04 and a current ratio of 4.23. The stock’s 50-day simple moving average is $18.44 and its 200-day simple moving average is $18.09.

    A10 Networks (NYSE:ATEN – Get Free Report) last announced its earnings results on Tuesday, August 5th. The communications equipment provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. A10 Networks had a return on equity of 25.46% and a net margin of 18.45%. The business had revenue of $69.38 million for the quarter, compared to analyst estimates of $65.99 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, equities analysts anticipate that A10 Networks will post 0.69 earnings per share for the current fiscal year.

    A10 Networks Dividend Announcement

    The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. A10 Networks’s dividend payout ratio is 35.29%.

    Insider Activity at A10 Networks

    In other news, General Counsel Robert Scott Weber sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $17.26, for a total transaction of $43,150.00. Following the completion of the transaction, the general counsel directly owned 61,007 shares of the company’s stock, valued at approximately $1,052,980.82. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian Becker sold 6,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.03, for a total value of $115,392.00. Following the transaction, the chief financial officer directly owned 77,599 shares of the company’s stock, valued at $1,399,109.97. This trade represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

    Hedge Funds Weigh In On A10 Networks

    Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in A10 Networks by 0.5% in the first quarter. Vanguard Group Inc. now owns 7,394,304 shares of the communications equipment provider’s stock worth $120,823,000 after purchasing an additional 34,634 shares during the period. Penserra Capital Management LLC lifted its position in A10 Networks by 56.2% in the second quarter. Penserra Capital Management LLC now owns 3,964,989 shares of the communications equipment provider’s stock worth $76,722,000 after purchasing an additional 1,425,792 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of A10 Networks by 8.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,682,442 shares of the communications equipment provider’s stock valued at $43,840,000 after acquiring an additional 202,453 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of A10 Networks by 31.4% during the 2nd quarter. Boston Trust Walden Corp now owns 2,162,796 shares of the communications equipment provider’s stock valued at $41,850,000 after acquiring an additional 516,872 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of A10 Networks by 12.4% during the 2nd quarter. First Trust Advisors LP now owns 1,949,423 shares of the communications equipment provider’s stock valued at $37,721,000 after acquiring an additional 214,778 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

    A10 Networks Company Profile

    (Get Free Report)

    A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.

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    Analyst Recommendations for A10 Networks (NYSE:ATEN)



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  • Fortrea’s (FTRE) Market Perform Rating Reaffirmed at William Blair

    Fortrea’s (FTRE) Market Perform Rating Reaffirmed at William Blair

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    William Blair reissued their market perform rating on shares of Fortrea (NASDAQ:FTRE – Free Report) in a research note released on Monday morning, Benzinga reports.

    FTRE has been the topic of several other research reports. Robert W. Baird upgraded shares of Fortrea from a neutral rating to an outperform rating and lowered their price objective for the stock from $45.00 to $36.00 in a report on Tuesday, May 14th. Barclays started coverage on Fortrea in a research report on Wednesday, July 24th. They issued an equal weight rating and a $30.00 price target for the company. Baird R W upgraded shares of Fortrea from a hold rating to a strong-buy rating in a research report on Tuesday, May 14th. The Goldman Sachs Group began coverage on shares of Fortrea in a report on Thursday, June 6th. They issued a neutral rating and a $28.00 price target on the stock. Finally, TD Cowen initiated coverage on Fortrea in a report on Wednesday, May 29th. They issued a hold rating and a $27.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Fortrea presently has a consensus rating of Hold and an average price target of $30.50.

    Read Our Latest Stock Analysis on Fortrea

    Fortrea Price Performance

    Shares of NASDAQ:FTRE opened at $20.04 on Monday. The firm has a 50 day simple moving average of $24.99 and a 200 day simple moving average of $31.30. The company has a market cap of $1.79 billion and a price-to-earnings ratio of -14.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.47 and a quick ratio of 1.47. Fortrea has a one year low of $18.07 and a one year high of $41.02.

    Insider Buying and Selling

    In other news, General Counsel James S. Hanson bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average cost of $25.30 per share, with a total value of $50,600.00. Following the completion of the purchase, the general counsel now directly owns 7,475 shares in the company, valued at $189,117.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Fortrea news, General Counsel James S. Hanson bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average cost of $25.30 per share, with a total value of $50,600.00. Following the completion of the purchase, the general counsel now directly owns 7,475 shares of the company’s stock, valued at $189,117.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Pike purchased 10,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were acquired at an average cost of $24.81 per share, with a total value of $248,100.00. Following the transaction, the chief executive officer now directly owns 57,827 shares in the company, valued at $1,434,687.87. The disclosure for this purchase can be found here. 0.12% of the stock is owned by corporate insiders.

    Institutional Trading of Fortrea

    A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new stake in shares of Fortrea in the 2nd quarter worth approximately $26,000. Allworth Financial LP purchased a new stake in shares of Fortrea during the 4th quarter valued at about $28,000. Glassman Wealth Services bought a new position in Fortrea in the fourth quarter worth approximately $28,000. Gladius Capital Management LP purchased a new position in Fortrea during the second quarter valued at $30,000. Finally, Concord Wealth Partners grew its stake in shares of Fortrea by 152.8% during the 1st quarter. Concord Wealth Partners now owns 862 shares of the company’s stock valued at $35,000 after acquiring an additional 521 shares during the period.

    Fortrea Company Profile

    (Get Free Report)

    Fortrea Holdings Inc, a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. The company operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum.

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