Absolute Software (ABT) Receives Average Rating of “Hold” from Analysts

Absolute Software (TSE:ABT) has been given an average rating of “Hold” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$7.63.

Several equities research analysts have weighed in on ABT shares. Imperial Capital cut shares of Absolute Software from an “outperform” rating to an “in-line” rating in a research report on Wednesday, January 17th. BMO Capital Markets lowered their price objective on shares of Absolute Software from C$8.00 to C$7.50 and set a “market perform” rating for the company in a research report on Wednesday, February 14th.

ABT opened at C$6.80 on Friday. Absolute Software has a 1-year low of C$6.06 and a 1-year high of C$8.82.

Absolute Software (TSE:ABT) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$29.48 million for the quarter, compared to analysts’ expectations of C$28.29 million.

In other news, Director Amanda Mallow sold 5,350 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of C$6.56, for a total value of C$35,096.00. Also, insider Todd Chronert sold 17,427 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of C$6.46, for a total transaction of C$112,578.42. Insiders sold a total of 23,060 shares of company stock worth $149,576 in the last ninety days.

COPYRIGHT VIOLATION NOTICE: “Absolute Software (ABT) Receives Average Rating of “Hold” from Analysts” was originally reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://dakotafinancialnews.com/2018/04/14/absolute-software-abt-receives-average-rating-of-hold-from-analysts.html.

Absolute Software Company Profile

Absolute Software Corporation is engaged in the development, marketing and support of endpoint security and data risk management solutions to commercial, healthcare, education and government customers. The Company operates through Data and Device Security segment. The Company offers solutions for devices, such as computers, laptops, tablets and smartphones.

Analyst Recommendations for Absolute Software (TSE:ABT)

Receive News & Ratings for Absolute Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Absolute Software and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply