Absolute Software (TSE:ABT) had its price target upped by Canaccord Genuity from C$8.25 to C$9.00 in a research note released on Tuesday, February 5th. Canaccord Genuity currently has a hold rating on the stock.
Several other equities analysts also recently weighed in on ABT. Pi Financial raised their target price on Absolute Software from C$10.50 to C$11.50 in a research report on Tuesday, February 5th. National Bank Financial lifted their price objective on Absolute Software from C$7.50 to C$8.00 and gave the stock a sector perform rating in a research report on Monday, November 5th. TD Securities lifted their price objective on Absolute Software from C$8.50 to C$9.00 and gave the stock a hold rating in a research report on Tuesday, February 5th. Finally, BMO Capital Markets lifted their price objective on Absolute Software from C$8.00 to C$8.50 in a research report on Monday, November 5th.
Shares of TSE:ABT traded up C$0.03 during trading on Tuesday, hitting C$9.19. The stock had a trading volume of 705,200 shares, compared to its average volume of 160,458. Absolute Software has a 12-month low of C$6.06 and a 12-month high of C$9.25. The stock has a market cap of $373.43 million and a price-to-earnings ratio of 57.44.
Absolute Software (TSE:ABT) last posted its earnings results on Monday, February 4th. The company reported C$0.05 EPS for the quarter, topping the consensus estimate of C$0.04 by C$0.01. The company had revenue of C$32.31 million for the quarter, compared to analyst estimates of C$32.09 million. Research analysts expect that Absolute Software will post 0.219999998078603 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 27th. Stockholders of record on Wednesday, February 6th were paid a $0.08 dividend. The ex-dividend date was Tuesday, February 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.48%. Absolute Software’s payout ratio is presently 155.94%.
In related news, Senior Officer Errol Olsen sold 28,863 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of C$8.75, for a total transaction of C$252,551.25. Following the completion of the transaction, the insider now directly owns 101,282 shares of the company’s stock, valued at approximately C$886,217.50. Also, Senior Officer Mark Grace sold 4,250 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of C$8.92, for a total value of C$37,910.00. Following the transaction, the insider now directly owns 1,920 shares of the company’s stock, valued at C$17,126.40. Insiders sold 42,069 shares of company stock valued at $370,707 over the last ninety days.
About Absolute Software
Absolute Software Corporation develops, markets, and supports endpoint management and data security solutions for endpoint computing devices in Canada, the United States, and internationally. Its software-as-a-service solutions enable customers to secure endpoints, assess risk, and respond to security threats.
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