Elastic N.V. (NYSE:ESTC) Receives $80.04 Consensus PT from Analysts

Shares of Elastic N.V. (NYSE:ESTC) have earned an average rating of “Moderate Buy” from the thirty research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $80.0370.

Several brokerages have recently weighed in on ESTC. DA Davidson decreased their target price on shares of Elastic from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Royal Bank Of Canada decreased their price target on Elastic from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Jefferies Financial Group decreased their price target on Elastic from $95.00 to $75.00 and set a “buy” rating for the company in a report on Friday, May 29th. Wells Fargo & Company decreased their price target on Elastic from $75.00 to $60.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. Finally, Scotiabank decreased their price target on Elastic from $61.00 to $58.00 and set a “sector perform” rating for the company in a report on Friday, May 29th.

Elastic Price Performance

Shares of ESTC opened at $61.13 on Friday. Elastic has a fifty-two week low of $42.05 and a fifty-two week high of $96.07. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 86.23 and a beta of 1.00. The firm has a 50-day simple moving average of $52.16 and a 200-day simple moving average of $61.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.82 and a current ratio of 1.82.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. Elastic had a net margin of 21.14% and a negative return on equity of 2.02%. The business had revenue of $450.68 million during the quarter, compared to the consensus estimate of $446.66 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. On average, equities research analysts anticipate that Elastic will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On Elastic

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new stake in Elastic in the fourth quarter valued at about $25,000. Bessemer Group Inc. acquired a new stake in Elastic in the first quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new stake in Elastic in the second quarter valued at about $31,000. Activest Wealth Management lifted its position in Elastic by 3,181.3% in the fourth quarter. Activest Wealth Management now owns 525 shares of the company’s stock valued at $40,000 after purchasing an additional 509 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its position in Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after purchasing an additional 371 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.

About Elastic

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.