Several analysts have recently updated their ratings and price targets for Service Today (NYSE: NOW):
- 5/25/2022 – ServiceNow was lowered by analysts at Piper Sandler from $ 650.00 to $ 600.00. They already have an “overweight” rating on the stock.
- 5/25/2022 – ServiceNow was lowered by analysts at Mizuho from $ 650.00 to $ 550.00. They already have a “buy” rating on the stock.
- 5/25/2022 – Analysts at UBS Group AG lowered ServiceNow to its price to $ 570.00.
- 5/25/2022 – ServiceNow was lowered by analysts at Stifel Nicolaus from $ 650.00 to $ 550.00.
- 5/23/2022 – ServiceNow was downgraded by analysts at Jefferies Financial Group Inc. from $ 700.00 to $ 550.00.
- 5/18/2022 – Analysts at Wells Fargo & Company now cover ServiceNow. They set an “overweight” rating and a $ 600.00 target price on the stock.
- 5/18/2022 – ServiceNow lowered analysts ’price target at Morgan Stanley to $ 594.00. They already have an “already” rating on the stock.
- 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.
NOW the stock traded $ 1.95 during Tuesday’s trading session, reaching $ 442.32. The company had a trading volume of 13,353 shares, compared to its average volume of 1,640,154. The stock has a market cap of $ 88.67 billion, a PE ratio of 402.11, a PEG ratio of 9.59 and a beta of 1.09. The business has a 50-day moving average of $ 475.98 and a 200-day moving average of $ 544.53. 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, Inc. has a person low of $ 406.47 and a person high of $ 707.60.
ServiceNow (NYSE: NOW-Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The information technology service provider reported $ 0.47 revenue per share for the quarter, ahead of analysts ’consensus estimates of $ 0.34 of $ 0.13. The company had revenue of $ 1.72 billion in the quarter, compared to the consolidated $ 1.70 billion. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. Business revenue rose 26.6% compared to the same quarter last year. In the same period last year, the business posted $ 0.50 EPS. Research analysts predicted that ServiceNow, Inc. will post 1.73 EPS for the current year.
In other news, Director Teresa Briggs sold 932 shares of the company’s stock in a transaction that took place on Friday, April 29th. The stock was sold at an average price of $ 490.26, for a total transaction of $ 456,922.32. Following the transaction, the director now directly owns 707 shares of the company’s stock, valued at $ 346,613.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available through the SEC website. Also, insider Christopher Bedi sold 700 shares of ServiceNow stock in a transaction on Friday, March 25th. The shares were sold at an average price of $ 581.04, for a total transaction of $ 406,728.00. The disclosure for this sale can be found here. Insiders have sold 18,470 shares of the company’s stock worth $ 9,406,060 over the past 90 days. Corporate insiders own 0.28% of the company’s stock.
Large investors have recently changed their holdings in the business. Chilton Capital Management LLC bought a new position in shares of ServiceNow in the 4th quarter worth approximately $ 25,000. OLD Second National Bank of Aurora bought a new stake in ServiceNow in the first quarter worth $ 28,000. High Net Worth Advisory Group LLC bought a new position in ServiceNow in the first quarter worth $ 29,000. AHL Investment Management Inc. bought a new position in ServiceNow in the 4th quarter worth $ 35,000. Finally, Lee Financial Co increased its stake in ServiceNow by 671.4% in the 4th quarter. Lee Financial Co. now owns 54 shares of the information technology services provider’s stock worth $ 35,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 87.20% of the company’s stock.
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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