Absolute Software (ABT) Price Target Lowered to C$8.75 at Pi Financial

Absolute Software (TSE:ABT) had its target price decreased by investment analysts at Pi Financial to C$8.75 in a report released on Tuesday. Pi Financial’s price target would suggest a potential upside of 27.92% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Imperial Capital cut Absolute Software from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 17th. BMO Capital Markets cut their price target on Absolute Software from C$8.00 to C$7.50 and set a “market perform” rating for the company in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$7.54.

Shares of ABT opened at C$6.84 on Tuesday. Absolute Software has a 12-month low of C$6.06 and a 12-month high of C$8.82.

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

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

About Absolute Software

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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