Tenable Holdings Inc (TENB) Receives Average Recommendation of “Buy” from Analysts

Tenable Holdings Inc (NASDAQ:TENB) has received a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $38.00.

A number of equities analysts recently commented on the company. Stifel Nicolaus assumed coverage on Tenable in a report on Monday, August 20th. They issued a “buy” rating and a $43.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Tenable in a research report on Monday, August 20th. They set a “neutral” rating and a $36.00 target price for the company. Morgan Stanley upped their target price on Tenable from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, September 6th. Deutsche Bank assumed coverage on Tenable in a research report on Monday, August 20th. They set a “buy” rating for the company. Finally, William Blair assumed coverage on Tenable in a research report on Monday, August 20th. They set an “outperform” rating for the company.

NASDAQ:TENB opened at $34.56 on Friday. Tenable has a 52 week low of $29.10 and a 52 week high of $36.32.

Tenable (NASDAQ:TENB) last released its quarterly earnings data on Wednesday, September 5th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.07). The company had revenue of $63.59 million during the quarter, compared to analysts’ expectations of $62.78 million. analysts predict that Tenable will post -0.97 EPS for the current year.

In related news, Director Kimberly Hammonds bought 21,739 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was purchased at an average price of $23.00 per share, with a total value of $499,997.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tenable Company Profile

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate technical data into business insights to understand and reduce their cybersecurity risk.

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Analyst Recommendations for Tenable (NASDAQ:TENB)

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