Nimble Storage Inc. (NYSE:NMBL) has earned a consensus recommendation of “Buy” from the twenty-seven research firms that are currently covering the firm. Fourteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.19.
A number of research firms have commented on NMBL. Jefferies Group boosted their price target on shares of Nimble Storage from $13.50 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, August 24th. BMO Capital Markets boosted their price target on shares of Nimble Storage from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, August 24th. Zacks Investment Research upgraded shares of Nimble Storage from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays PLC restated an “equal weight” rating on shares of Nimble Storage in a research report on Tuesday, November 8th. Finally, Pacific Crest restated a “hold” rating on shares of Nimble Storage in a research report on Wednesday, August 24th.
In related news, Director Ping Li sold 23,000 shares of the stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $8.62, for a total transaction of $198,260.00. Following the completion of the transaction, the director now owns 35,676 shares in the company, valued at $307,527.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jerry M. Kennelly sold 5,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $8.17, for a total transaction of $40,850.00. Following the transaction, the director now owns 38,456 shares of the company’s stock, valued at approximately $314,185.52. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantum Capital Management acquired a new position in shares of Nimble Storage during the first quarter valued at approximately $105,000. TFS Capital LLC purchased a new stake in Nimble Storage during the second quarter valued at about $105,000. Stevens Capital Management LP purchased a new stake in Nimble Storage during the second quarter valued at about $117,000. BlackRock Group LTD raised its stake 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. Finally, Raymond James & Associates raised its stake 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. Institutional investors and hedge funds own 59.94% of the company’s stock.
Shares of Nimble Storage (NYSE:NMBL) traded down 0.51% during mid-day trading on Friday, reaching $7.73. 1,257,743 shares of the company were exchanged. The firm has a 50-day moving average price of $8.21 and a 200 day moving average price of $8.00. Nimble Storage has a 12 month low of $5.64 and a 12 month high of $11.33. The stock’s market capitalization is $657.82 million.
Nimble Storage (NYSE:NMBL) last issued its earnings results on Tuesday, November 22nd. The company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). Nimble Storage had a negative net margin of 41.08% and a negative return on equity of 109.02%. The business had revenue of $102 million for the quarter, compared to analyst estimates of $101.99 million. During the same period in the previous year, the business earned ($0.14) EPS. The firm’s revenue was up 26.4% on a year-over-year basis. Equities research analysts anticipate that Nimble Storage will post ($0.73) EPS for the current fiscal year.