Service Today (NYSE: NOW) recently received some price target changes and rating updates:
- 5/10/2022 – Analysts at Truist Financial Co downgraded. the target price of ServiceNow is from $ 700.00 to $ 600.00.
- 4/28/2022 – Analysts downgraded Cowen Inc. the target price of ServiceNow from $ 725.00 to $ 695.00.
- 4/28/2022 – Analysts at Morgan Stanley lowered the price of ServiceNow from $ 810.00 to $ 745.00.
- 4/28/2022 – ServiceNow was downgraded by analysts at Oppenheimer Holdings Inc. from $ 660.00 to $ 600.00.
- 4/28/2022 – ServiceNow was lowered by analysts at Credit Suisse Group AG from $ 800.00 to $ 700.00.
- 4/28/2022 – Analysts at Cowen Inc lowered ServiceNow’s target price from $ 725.00 to $ 695.00.
- 4/28/2022 – ServiceNow was lowered by analysts at Deutsche Bank Aktiengesellschaft from $ 700.00 to $ 680.00.
- 4/28/2022 – ServiceNow lowered the price target of analysts at Barclays PLC from $ 652.00 to $ 613.00.
- 4/28/2022 – ServiceNow raises analysts ’price target on Citigroup Inc. from $ 623.00 to $ 656.00.
- 4/27/2022 – Analysts at BMO Capital Markets lowered the target price of ServiceNow from $ 635.00 to $ 570.00.
- 4/26/2022-ServiceNow was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
- 4/25/2022 – ServiceNow was lowered by analysts at KeyCorp from $ 692.00 to $ 613.00. They already have an “overweight” rating on the stock.
- 4/25/2022 – ServiceNow was lowered by analysts at Royal Bank of Canada from $ 700.00 to $ 660.00. They already have an “outperform” rating on the stock.
- 4/19/2022 – Analysts downgraded Citigroup Inc. the target price of ServiceNow from $ 675.00 to $ 623.00. They already have a “buy” rating on the stock.
- 3/31/2022 – ServiceNow is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 3/29/2022 – ServiceNow was downgraded by analysts at Exane BNP Paribas from a “neutral” rating to an “underperform” rating.
- 3/29/2022 – ServiceNow was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating. They already have a $ 460.00 target price on the stock.
Shares of NOW stock opened at $ 432.32 on Wednesday. The 50-day moving average of the business is $ 522.72 and its two-hundred-day moving average is $ 582.27. ServiceNow, Inc. has a twelve -month low of $ 416.56 and a twelve -month high of $ 707.60. The company has a market capitalization of $ 86.66 billion, a P/E ratio of 393.02, a price-to-earnings-growth ratio of 8.94 and a beta of 1.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37.
ServiceNow (NYSE: NOW-Get Rating) last announced its earnings results on Wednesday, April 27th. The information technology service provider reported $ 1.73 revenue per share for the quarter, beating the consolidated $ 1.70 by $ 0.03. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. The company had revenue of $ 1.72 billion for the quarter, compared to the consensus estimate of $ 1.70 billion. In the same period last year, the business posted $ 0.50 EPS. The company’s revenue rose 26.6% on a year-on-year basis. As a group, equities analysts predict that ServiceNow, Inc. will post 1.8 earnings per share for the current financial year.
In other news, insider Jacqueline P. Canney sold 580 shares of the company’s stock in a transaction that took place on Monday, May 9th. The stock was sold at an average price of $ 431.51, for a total value of $ 250,275.80. Following the completion of the sale, the insider now directly owns 189 shares of the company’s stock, valued at approximately $ 81,555.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Also, insider Christopher Bedi sold 158 shares of the company’s stock in a transaction that took place on Monday, February 14th. The shares were sold at an average price of $ 578.87, for a total value of $ 91,461.46. The disclosure for this sale can be found here. Insiders sold a total of 22,007 shares of the company’s stock worth $ 12,332,620 in the last quarter. Company insiders own 0.35% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of NOW. Morgan Stanley lifted its holdings on shares of ServiceNow by 1.2% in the 2nd quarter. Morgan Stanley now owns 7,277,395 shares of the information technology services provider’s stock worth $ 3,999,292,000 after buying an additional 86,441 shares during the period. New World Advisors LLC acquired a new position in ServiceNow in the third quarter worth $ 350,000. Raised by First Horizon Advisors Inc. its holdings in ServiceNow by 393.5% in the third quarter. First Horizon Advisors Inc. now owns 2,497 shares of the information technology services provider’s stock worth $ 598,000 after buying an additional 1,991 shares last quarter. Graypoint LLC acquired a new position in ServiceNow in the third quarter worth $ 365,000. Finally, Morse Asset Management Inc raised its holdings in ServiceNow by 40.4% in the third quarter. Morse Asset Management Inc. now owns 1,615 shares of the information technology services provider’s stock worth $ 1,005,000 after buying an additional 465 shares last quarter. 87.20% of the stock is owned by institutional investors and hedge funds.
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.
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