SolarWinds Corp (NYSE:SWI) Receives Consensus Rating of “Hold” from Analysts

SolarWinds Corp (NYSE:SWI) has been assigned an average recommendation of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $19.39.

A number of brokerages recently issued reports on SWI. Citigroup raised their price target on SolarWinds from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Zacks Investment Research downgraded SolarWinds from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Goldman Sachs Group downgraded SolarWinds from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $20.00 to $17.50 in a research report on Sunday, June 30th. ValuEngine downgraded SolarWinds from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Jefferies Financial Group raised their price target on SolarWinds from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th.

Shares of NYSE SWI traded down $0.12 during midday trading on Thursday, reaching $17.33. 301,458 shares of the stock traded hands, compared to its average volume of 624,281. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $5.29 billion and a PE ratio of 30.40. SolarWinds has a one year low of $12.25 and a one year high of $21.22. The company’s 50 day moving average is $17.97 and its 200 day moving average is $18.49.



SolarWinds (NYSE:SWI) last posted its earnings results on Thursday, August 1st. The software maker reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $230.60 million for the quarter, compared to the consensus estimate of $226.51 million. SolarWinds had a net margin of 67.62% and a return on equity of 8.56%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, equities analysts forecast that SolarWinds will post 0.82 EPS for the current year.

In other news, insider Usa Investors Venture I. Hermes sold 60,484 shares of SolarWinds stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $17.42, for a total transaction of $1,053,631.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aurora Co-Invest L.P. Slp sold 2,130,235 shares of SolarWinds stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $17.42, for a total value of $37,108,693.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,493,138 shares of company stock valued at $43,430,464. 1.60% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of SolarWinds during the fourth quarter valued at $8,561,000. Legal & General Group Plc purchased a new position in shares of SolarWinds during the fourth quarter valued at $1,118,000. Regentatlantic Capital LLC purchased a new position in shares of SolarWinds during the first quarter valued at $215,000. Bank of New York Mellon Corp purchased a new position in shares of SolarWinds during the fourth quarter valued at $896,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of SolarWinds during the first quarter valued at $65,000. Institutional investors and hedge funds own 93.84% of the company’s stock.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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Analyst Recommendations for SolarWinds (NYSE:SWI)

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