Jefferies Financial Group Begins Coverage on Elastic (ESTC)

Jefferies Financial Group started coverage on shares of Elastic (NYSE:ESTC) in a report published on Tuesday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $65.00 target price on the stock.

ESTC traded down $2.48 during midday trading on Tuesday, reaching $64.72. 3,140 shares of the company’s stock were exchanged, compared to its average volume of 303,582. Elastic has a one year low of $58.55 and a one year high of $74.20.

Elastic Company Profile

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization.

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