Mulesoft Inc (NASDAQ:MULE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

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 research analysts also recently weighed in on the stock. CIBC initiated coverage on shares of Mulesoft in a report on Thursday, June 8th. They issued a “market perform” rating on the stock. Oppenheimer Holdings, Inc. initiated coverage on shares of Mulesoft in a report on Thursday, June 8th. They issued a “market perform” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of Mulesoft in a report on Sunday, July 30th. Barclays PLC reaffirmed a “hold” rating and issued a $24.00 price target on shares of Mulesoft in a report on Wednesday, August 2nd. Finally, BidaskClub cut shares of Mulesoft from a “hold” rating to a “sell” rating in a report on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.43.

Mulesoft (MULE) opened at 19.79 on Thursday. The company’s market capitalization is $2.55 billion. The stock’s 50 day moving average price is $21.18 and its 200 day moving average price is $23.36. Mulesoft has a 12-month low of $19.40 and a 12-month high of $29.00.

Mulesoft (NASDAQ:MULE) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.01. Mulesoft had a negative net margin of 28.36% and a negative return on equity of 30.07%. The company had revenue of $69.20 million during the quarter, compared to the consensus estimate of $63.63 million. The firm’s quarterly revenue was up 57.3% on a year-over-year basis. On average, equities analysts anticipate that Mulesoft will post ($0.39) EPS for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio bought a new position in shares of Mulesoft during the 1st quarter valued at about $121,000. AO Asset Management LLC bought a new position in shares of Mulesoft during the 1st quarter valued at about $122,000. Nationwide Fund Advisors bought a new position in shares of Mulesoft during the 1st quarter valued at about $146,000. SG Americas Securities LLC bought a new position in shares of Mulesoft during the 1st quarter valued at about $183,000. Finally, Point72 Asia Hong Kong Ltd bought a new position in shares of Mulesoft during the 1st quarter valued at about $242,000.

Mulesoft Company Profile

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.

Analyst Recommendations for Mulesoft (NASDAQ:MULE)

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