Absolute Software (NASDAQ:ALSWF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $7.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 14.94% from the company’s previous close.

According to Zacks, “Absolute Software Corporation engages in the business of providing firmware-persistent endpoint security and management solutions. It provides solutions for computer security monitoring and endpoint management industry. The company’s solutions include data protection, lifecycle management, enterprise mobility management and IT service management as well as data loss prevention. Absolute Software Corporation is headquartered in Vancouver, Canada. “

Several other research firms also recently issued reports on ALSWF. Canaccord Genuity downgraded shares of Absolute Software from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. ValuEngine upgraded Absolute Software from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.75.

Shares of Absolute Software (NASDAQ ALSWF) opened at 6.09 on Thursday. The stock’s 50 day moving average is $6.13 and its 200 day moving average is $5.91. The firm’s market cap is $241.02 million. Absolute Software has a 12 month low of $4.35 and a 12 month high of $6.50.

Absolute Software (NASDAQ:ALSWF) last released its quarterly earnings results on Thursday, August 17th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $23.18 million for the quarter, compared to analysts’ expectations of $23.91 million.

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