Trade Report: Today, Nimble Storage Inc. (NMBL) Rating Reiterate by Susquehanna

Today, Nimble Storage Inc. (NMBL) Rating Reiterate by Susquehanna

Nimble Storage Inc. (NYSE:NMBL)‘s stock had its “positive” rating reaffirmed by stock analysts at Susquehanna in a research report issued on Friday. They currently have a $12.00 price objective on the stock. Susquehanna’s target price would suggest a potential upside of 55.24% from the stock’s current price.

NMBL has been the topic of a number of other reports. BMO Capital Markets upgraded shares of Nimble Storage from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $9.00 to $10.00 in a research report on Wednesday, August 3rd. BTIG Research restated a “neutral” rating on shares of Nimble Storage in a research report on Wednesday, August 24th. Morgan Stanley raised their price target on shares of Nimble Storage from $6.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 24th. Summit Redstone raised their price target on shares of Nimble Storage from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, August 24th. Finally, Barclays PLC restated an “equal weight” rating and issued a $10.00 price target (up from $9.00) on shares of Nimble Storage in a research report on Wednesday, August 24th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Nimble Storage presently has a consensus rating of “Buy” and an average price target of $11.94.

Nimble Storage (NYSE:NMBL) traded down 0.51% on Friday, reaching $7.73. 1,257,918 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $8.21 and its 200 day moving average price is $8.00. Nimble Storage has a 1-year low of $5.64 and a 1-year high of $11.33. The firm’s market capitalization is $657.82 million.

Nimble Storage (NYSE:NMBL) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.18) EPS for the quarter, meeting the Zacks’ 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 firm had revenue of $102 million for the quarter, compared to the consensus estimate of $101.99 million. During the same period in the prior year, the firm posted ($0.14) EPS. The firm’s revenue was up 26.4% compared to the same quarter last year. On average, analysts expect that Nimble Storage will post ($0.73) earnings per share for the current year.

In other Nimble Storage news, VP Varun Mehta sold 13,282 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $7.79, for a total value of $103,466.78. Following the completion of the transaction, the vice president now directly owns 377,936 shares in the company, valued at $2,944,121.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William John Schroeder bought 5,000 shares of the firm’s stock in a transaction on Wednesday, September 21st. The stock was purchased at an average price of $7.30 per share, with a total value of $36,500.00. Following the completion of the acquisition, the director now owns 46,870 shares of the company’s stock, valued at $342,151. The disclosure for this purchase can be found here. 20.90% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Quantitative Systematic Strategies LLC boosted its stake in Nimble Storage by 55.4% in the third quarter. Quantitative Systematic Strategies LLC now owns 133,260 shares of the company’s stock valued at $1,167,000 after buying an additional 47,522 shares in the last quarter. RBF Capital LLC bought a new stake in Nimble Storage during the third quarter valued at approximately $150,000. D. E. Shaw & Co. Inc. boosted its stake in Nimble Storage by 29.9% in the third quarter. D. E. Shaw & Co. Inc. now owns 1,234,425 shares of the company’s stock valued at $10,900,000 after buying an additional 284,301 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Nimble Storage during the third quarter valued at approximately $393,000. Finally, Ardsley Advisory Partners bought a new stake in Nimble Storage during the third quarter valued at approximately $287,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Nimble Storage Company Profile

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