ServiceNow (NYSE: NOW – Get a Rating) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report given to clients and investors on Tuesday, TheStreetRatingsTable reports.
NOW has been the subject of many other research reports. Canaccord Genuity Group lowered their price target on ServiceNow from $ 715.00 to $ 615.00 and set a “buy” rating for the company in a research report on Thursday, January 27th. Royal Bank of Canada lowered their price target on ServiceNow from $ 700.00 to $ 660.00 and set an “outperform” rating for the company in a research report on Monday. Piper Sandler raised ServiceNow from a “neutral” rating to an “overweight” rating and set a $ 650.00 target price for the company in a research report on Thursday, January 27th. Oppenheimer lowered their price target on ServiceNow from $ 775.00 to $ 660.00 and set an “outperform” rating for the company in a research report on Thursday, January 27th. Finally, Credit Suisse Group lowered their target price on ServiceNow from $ 850.00 to $ 800.00 and set an “outperform” rating for the company in a research report on Thursday, January 27th. Two analysts rated the stock with a sell rating, three assigned a hold rating and twenty-seven gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average “Buy” rating and an average target price of $ 676.43.
NYSE NOW shares opened at $ 466.29 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $ 93.26 billion, a PE ratio of 409.03, a price-to-earnings-growth ratio of 9.42 and a beta of 1.04. ServiceNow has a 12-month low of $ 448.27 and a 12-month high of $ 707.60. The stock’s fifty-day simple moving average is $ 539.66 and its two-hundred-day simple moving average is $ 594.68.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 1.73 revenue per share for the quarter, ahead of Zacks ’consensus estimate of $ 1.70 of $ 0.03. The company had revenue of $ 1.72 billion in the quarter, compared to analysts ’expectations of $ 1.70 billion. ServiceNow had a return on equity of 9.43% and a net margin of 3.90%. Business quarterly revenue rose 26.6% on a year-over-year basis. In the same quarter last year, the company earned $ 0.50 EPS. On average, equities analysts predict that ServiceNow will post 1.85 earnings per share for the current financial year.
In other ServiceNow news, Director Frederic B. Luddy sold 6,600 shares of business stock in a transaction that occurred on Tuesday, February 8th. The stock was sold at an average price of $ 582.16, for a total transaction of $ 3,842,256.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available through the SEC website. Also, CFO Gina Mastantuono sold 193 shares of the business’s stock in a transaction that took place on Tuesday, April 12th. The stock was sold at an average price of $ 525.00, for a total value of $ 101,325.00. Following the sale, the chief financial officer now owns 4,011 shares of the company’s stock, valued at $ 2,105,775. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,141 shares of the company’s stock worth $ 18,355,758. 0.35% of the stock is owned by company insiders.
Institutional investors have recently changed their holdings in the company. Chilton Capital Management LLC acquired a new position in shares of ServiceNow in the 4th quarter valued at approximately $ 25,000. Eagle Bay Advisors LLC boosted its holdings in ServiceNow shares by 75.0% in the 3rd quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after buying an additional 18 shares in the last quarter. Baystate Wealth Management LLC boosted its holdings in ServiceNow shares by 60.0% in the 3rd quarter. Baystate Wealth Management LLC now owns 48 shares of the information technology services provider’s stock worth $ 30,000 after buying an additional 18 shares in the last quarter. Powered by MV Capital Management Inc. its holdings in ServiceNow shares of 96.2% in the 3rd quarter. MV Capital Management Inc. now owns 51 shares of the information technology services provider’s stock worth $ 32,000 after buying an additional 25 shares last quarter. Finally, AHL Investment Management Inc. acquired a new position in shares of ServiceNow in the 4th quarter valued at approximately $ 35,000. Institutional investors and hedge funds own 86.63% of the company’s stock.
About ServiceNow (Get a Rating)
ServiceNow, Inc. provides enterprise cloud computing solutions that define, develop, integrate, manage, and automate services for businesses around the world. It runs the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.
Featured Articles
Receive News and Ratings for ServiceNow Daily -Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for ServiceNow and related companies with a FREE daily email newsletter of MarketBeat.com.
.