SolarWinds Co. (NYSE:SWI) Receives Average Rating of “Hold” from Analysts

Shares of SolarWinds Co. (NYSE:SWI) have received a consensus rating of “Hold” from the four ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.00.

Separately, Robert W. Baird cut their price objective on SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd.

Hedge Funds Weigh In On SolarWinds

Hedge funds have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in SolarWinds in the 2nd quarter worth approximately $41,000. New York State Teachers Retirement System purchased a new position in SolarWinds in the 4th quarter worth approximately $57,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in SolarWinds in the 2nd quarter worth approximately $58,000. Ameritas Investment Partners Inc. purchased a new position in SolarWinds in the 1st quarter worth approximately $62,000. Finally, Innealta Capital LLC purchased a new position in SolarWinds in the 2nd quarter worth approximately $79,000. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

SolarWinds Stock Performance

SolarWinds stock opened at $11.05 on Friday. The stock’s 50 day simple moving average is $11.72 and its two-hundred day simple moving average is $11.87. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 157.79 and a beta of 0.97. SolarWinds has a fifty-two week low of $8.83 and a fifty-two week high of $13.43.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $193.30 million for the quarter, compared to analysts’ expectations of $188.67 million. SolarWinds had a return on equity of 7.05% and a net margin of 2.96%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. As a group, analysts expect that SolarWinds will post 0.69 earnings per share for the current fiscal year.

About SolarWinds

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.