Absolute Software Co. (ABT) Receives C$7.63 Average Target Price from Analysts

Absolute Software Co. (TSE:ABT) has received an average rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have covered the stock in the last year is C$7.63.

ABT has been the subject of a number of recent research reports. Imperial Capital downgraded shares of Absolute Software from an “outperform” rating to an “in-line” rating in a research note on Wednesday, January 17th. BMO Capital Markets reduced their price objective on shares of Absolute Software from C$8.00 to C$7.50 and set a “market perform” rating for the company in a research note on Wednesday, February 14th.

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In related news, Director Amanda Mallow sold 5,350 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of C$6.56, for a total value of C$35,096.00. Also, insider Todd Chronert sold 17,427 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of C$6.46, for a total transaction of C$112,578.42. Over the last 90 days, insiders have sold 23,060 shares of company stock valued at $149,576.

Absolute Software stock opened at C$6.74 on Friday. Absolute Software has a one year low of C$6.06 and a one year high of C$8.82.

Absolute Software (TSE:ABT) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$29.48 million for the quarter, compared to the consensus estimate of C$28.29 million.

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Absolute Software Company Profile

Absolute Software Corporation develops, markets, and supports endpoint security and data risk management, and endpoint management solutions for desktops, laptops, tablets, and smartphones in Canada, the United States, and internationally. The company operates through two segments, Data and Device Security, and Endpoint and Service Management.

Analyst Recommendations for Absolute Software (TSE:ABT)

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