Nimble Storage Inc. (NMBL) Given a $12.00 Price Target at Susquehanna
Other equities research analysts have also issued research reports about the company. Summit Redstone reiterated a buy rating and issued a $14.00 target price (up previously from $12.00) on shares of Nimble Storage in a research report on Thursday, August 25th. BMO Capital Markets upped their target price on Nimble Storage from $10.00 to $13.00 and gave the company a buy rating in a research report on Wednesday, August 24th. Needham & Company LLC reiterated a buy rating and issued a $12.00 target price on shares of Nimble Storage in a research report on Thursday, August 25th. Jefferies Group upped their target price on Nimble Storage from $13.50 to $14.00 and gave the company a buy rating in a research report on Wednesday, August 24th. Finally, Barclays PLC reiterated an equal weight rating and issued a $10.00 target price (up previously from $9.00) on shares of Nimble Storage in a research report on Wednesday, August 24th. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Nimble Storage currently has an average rating of Buy and a consensus target price of $11.94.
Shares of Nimble Storage (NYSE:NMBL) opened at 7.73 on Friday. Nimble Storage has a 52-week low of $5.64 and a 52-week high of $11.33. The company’s market cap is $657.82 million. The stock’s 50 day moving average is $8.15 and its 200 day moving average is $8.01.
Nimble Storage (NYSE:NMBL) last issued its earnings results on Tuesday, November 22nd. The company reported ($0.18) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.18). The firm had revenue of $102 million for the quarter, compared to analyst estimates of $101.99 million. Nimble Storage had a negative return on equity of 109.02% and a negative net margin of 41.08%. Nimble Storage’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. Equities analysts forecast that Nimble Storage will post ($0.73) EPS for the current year.
In other Nimble Storage news, Director Ping Li sold 23,000 shares of Nimble Storage stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $8.62, for a total transaction of $198,260.00. Following the transaction, the director now owns 35,676 shares of the company’s stock, valued at $307,527.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William John Schroeder purchased 5,000 shares of the business’s stock in a transaction on Wednesday, September 21st. The shares were purchased at an average cost of $7.30 per share, for a total transaction of $36,500.00. Following the transaction, the director now owns 46,870 shares of the company’s stock, valued at $342,151. The disclosure for this purchase can be found here. Company insiders own 20.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TFS Capital LLC purchased a new position in Nimble Storage during the second quarter valued at approximately $105,000. Stevens Capital Management LP purchased a new position in Nimble Storage during the second quarter valued at approximately $117,000. BlackRock Group LTD raised its position in Nimble Storage by 4.2% in the third quarter. BlackRock Group LTD now owns 14,188 shares of the company’s stock valued at $125,000 after buying an additional 567 shares during the period. Raymond James & Associates raised its position in Nimble Storage by 37.3% in the second quarter. Raymond James & Associates now owns 15,853 shares of the company’s stock valued at $126,000 after buying an additional 4,306 shares during the period. Finally, CIBC World Markets Inc. raised its position in Nimble Storage by 13.5% in the second quarter. CIBC World Markets Inc. now owns 17,250 shares of the company’s stock valued at $137,000 after buying an additional 2,050 shares during the period. 62.17% of the stock is currently owned by institutional investors.
About Nimble Storage
Nimble Storage, Inc (Nimble Storage) engineers and delivers its customers with flash storage platform. The Company’s Predictive Flash platform consists of a Unified Flash Fabric that provides a single consolidation architecture with common data services across a portfolio of All Flash and Adaptive Flash arrays, and InfoSight predictive analytics with integrated support and service offerings.
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