NetSuite Inc. (NYSE:N) received a $109.00 price target from analysts at DA Davidson in a research report issued on Monday. The firm currently has a a “hold” rating on the stock. DA Davidson’s price objective indicates a potential upside of 4.72% from the stock’s previous close.

A number of other research firms also recently weighed in on N. Cowen and Company set a $70.00 price target on shares of NetSuite and gave the company a “sell” rating in a research report on Wednesday, July 27th. SunTrust Banks Inc. downgraded shares of NetSuite from a “buy” rating to a “neutral” rating and lifted their price target for the company from $93.00 to $109.00 in a research report on Thursday, August 11th. BTIG Research reiterated a “neutral” rating on shares of NetSuite in a research report on Monday, August 1st. Goldman Sachs Group Inc. upgraded shares of NetSuite from a “sell” rating to a “neutral” rating and lifted their price target for the company from $65.00 to $90.00 in a research report on Thursday, July 28th. Finally, MKM Partners downgraded shares of NetSuite from a “buy” rating to a “neutral” rating and lifted their price target for the company from $92.00 to $109.00 in a research report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, twenty-nine have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $90.82.

Analyst Recommendations for NetSuite (NYSE:N)

Shares of NetSuite (NYSE:N) traded down 2.09% during trading on Monday, hitting $101.91. The stock had a trading volume of 696,617 shares. The stock’s market capitalization is $8.25 billion. NetSuite has a 12-month low of $51.75 and a 12-month high of $110.99. The stock’s 50-day moving average is $109.07 and its 200-day moving average is $88.93.

NetSuite (NYSE:N) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. NetSuite had a negative return on equity of 31.78% and a negative net margin of 16.21%. The business earned $230.80 million during the quarter, compared to analysts’ expectations of $230.58 million. During the same quarter last year, the company posted $0.02 earnings per share. NetSuite’s quarterly revenue was up 30.2% on a year-over-year basis. Analysts predict that NetSuite will post $0.49 EPS for the current fiscal year.

In other news, insider James Mcgeever sold 36,160 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $90.00, for a total transaction of $3,254,400.00. Following the completion of the transaction, the insider now directly owns 379,507 shares of the company’s stock, valued at approximately $34,155,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Evan Goldberg sold 20,000 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $79.80, for a total transaction of $1,596,000.00. Following the transaction, the chairman now directly owns 236,081 shares of the company’s stock, valued at $18,839,263.80. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC increased its position in NetSuite by 1.0% in the first quarter. TIAA CREF Investment Management LLC now owns 102,339 shares of the company’s stock worth $7,009,000 after buying an additional 1,026 shares in the last quarter. Teachers Advisors Inc. increased its position in NetSuite by 0.4% in the first quarter. Teachers Advisors Inc. now owns 32,560 shares of the company’s stock worth $2,230,000 after buying an additional 133 shares in the last quarter. BlackRock Inc. increased its position in NetSuite by 33.9% in the first quarter. BlackRock Inc. now owns 30,923 shares of the company’s stock worth $2,118,000 after buying an additional 7,834 shares in the last quarter. BlackRock Group LTD increased its position in NetSuite by 2.4% in the first quarter. BlackRock Group LTD now owns 152,771 shares of the company’s stock worth $10,463,000 after buying an additional 3,513 shares in the last quarter. Finally, BlackRock Japan Co. Ltd increased its position in NetSuite by 13.0% in the first quarter. BlackRock Japan Co. Ltd now owns 49,397 shares of the company’s stock worth $3,383,000 after buying an additional 5,694 shares in the last quarter. 54.29% of the stock is owned by hedge funds and other institutional investors.

About NetSuite

NetSuite Inc (NetSuite) is a provider of cloud-based financials, enterprise resource planning and omnichannel commerce software suites. The Company offers a suite of applications, including financial management, customer relationship management, e-commerce and retail management, commerce marketing automation, professional services automation and human capital management that enable companies to manage business operations in an integrated suite.

5 Day Chart for NYSE:N

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