Mulesoft Inc (MULE) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of Mulesoft Inc (NASDAQ:MULE) from a sell rating to a hold rating in a research note published on Friday morning.
According to Zacks, “MuleSoft, Inc. owns and operates Anypoint Platform, an integration solution for connecting applications, data sources, and devices, both on-premises and in the cloud. Its hybrid integration platform includes iPaaS, ESB and a unified solution for API management, design and publishing. MuleSoft, Inc. is headquartered in San Francisco, California. “
Several other analysts have also commented on MULE. Jefferies Group LLC reaffirmed a buy rating on shares of Mulesoft in a report on Monday, May 15th. William Blair reaffirmed an outperform rating on shares of Mulesoft in a report on Monday, May 15th. Oppenheimer Holdings, Inc. initiated coverage on Mulesoft in a report on Thursday, June 8th. They set a market perform rating on the stock. CIBC initiated coverage on Mulesoft in a report on Thursday, June 8th. They set a market perform rating on the stock. Finally, Barclays PLC reaffirmed a hold rating and set a $24.00 target price on shares of Mulesoft in a report on Wednesday, August 2nd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Mulesoft has an average rating of Hold and an average price target of $25.43.
Mulesoft (NASDAQ MULE) opened at 22.01 on Friday. The stock’s market capitalization is $2.84 billion. Mulesoft has a 52-week low of $19.52 and a 52-week high of $29.00. The stock’s 50 day moving average price is $21.97 and its 200-day moving average price is $23.48.
Mulesoft (NASDAQ:MULE) last posted its earnings results on Thursday, July 27th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.01. The firm had revenue of $69.20 million for the quarter, compared to analyst estimates of $63.63 million. Mulesoft had a negative return on equity of 30.07% and a negative net margin of 28.36%. The firm’s revenue for the quarter was up 57.3% on a year-over-year basis. On average, equities analysts expect that Mulesoft will post ($0.39) EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Gilder Gagnon Howe & Co. LLC purchased a new position in Mulesoft during the first quarter worth approximately $30,691,000. Janus Capital Management LLC purchased a new position in Mulesoft during the first quarter worth approximately $4,126,000. Morgan Stanley purchased a new position in Mulesoft during the first quarter worth approximately $12,477,000. Laurion Capital Management LP purchased a new position in Mulesoft during the first quarter worth approximately $1,095,000. Finally, SG Americas Securities LLC purchased a new position in Mulesoft during the first quarter worth approximately $183,000.
MuleSoft, Inc is engaged in providing a software platform that connects a range of technologies. The Company enables organizations to manage and secure the flow of data between all systems in the enterprise. The Company offers organizations to create agile infrastructures. The Company has developed Anypoint Platform.
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