SolarWinds Co. (NYSE:SWI) Receives Average Rating of “Hold” from Brokerages

Shares of SolarWinds Co. (NYSE:SWI) have received a consensus rating of “Hold” from the four ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $14.00.

Separately, Robert W. Baird reduced their price target on SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd.

Institutional Trading of SolarWinds

Institutional investors have recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in shares of SolarWinds during the second quarter worth about $41,000. New York State Teachers Retirement System purchased a new stake in shares of SolarWinds during the fourth quarter worth about $57,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of SolarWinds during the second quarter worth about $58,000. Ameritas Investment Partners Inc. purchased a new stake in shares of SolarWinds during the first quarter worth about $62,000. Finally, Innealta Capital LLC purchased a new stake in shares of SolarWinds during the second quarter worth about $79,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Performance

Shares of SWI opened at $12.88 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.93. The business has a 50-day simple moving average of $11.76 and a two-hundred day simple moving average of $11.88. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 184.00 and a beta of 0.97. SolarWinds has a 52 week low of $8.83 and a 52 week high of $13.43.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $193.30 million during the quarter, compared to analysts’ expectations of $188.67 million. SolarWinds had a return on equity of 7.05% and a net margin of 2.96%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 earnings per share. On average, analysts expect that SolarWinds will post 0.69 EPS for the current year.

About SolarWinds

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.