Thoughtworks Holding, Inc. (NASDAQ:TWKS) Receives Average Rating of “Hold” from Analysts

Thoughtworks Holding, Inc. (NASDAQ:TWKS) has been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $4.18.

A number of equities research analysts have recently issued reports on TWKS shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Thoughtworks in a research note on Tuesday, August 6th. Citigroup decreased their price target on Thoughtworks from $3.25 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, July 12th. The Goldman Sachs Group began coverage on Thoughtworks in a research note on Monday, June 24th. They issued a “sell” rating and a $2.50 price objective for the company. Robert W. Baird reiterated a “neutral” rating and issued a $4.40 price objective on shares of Thoughtworks in a report on Tuesday, August 6th. Finally, Baird R W cut Thoughtworks from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th.

Hedge Funds Weigh In On Thoughtworks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Catalina Capital Group LLC acquired a new position in Thoughtworks in the 1st quarter valued at about $26,000. Algert Global LLC acquired a new stake in Thoughtworks during the second quarter worth approximately $33,000. Duality Advisers LP purchased a new stake in Thoughtworks in the 1st quarter worth approximately $36,000. Simplicity Wealth LLC acquired a new position in Thoughtworks in the 2nd quarter valued at $44,000. Finally, SG Americas Securities LLC purchased a new position in shares of Thoughtworks during the 2nd quarter worth $71,000. Institutional investors and hedge funds own 32.81% of the company’s stock.

Thoughtworks Stock Up 0.2 %

NASDAQ TWKS opened at $4.41 on Friday. Thoughtworks has a one year low of $2.19 and a one year high of $5.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.59 and a current ratio of 2.59. The business has a fifty day moving average price of $4.07 and a 200 day moving average price of $3.14. The company has a market cap of $1.42 billion, a P/E ratio of -15.21 and a beta of 1.14.

Thoughtworks (NASDAQ:TWKS) last released its quarterly earnings data on Monday, August 5th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $251.70 million for the quarter, compared to analyst estimates of $251.37 million. Thoughtworks had a negative return on equity of 5.81% and a negative net margin of 11.20%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm posted ($0.01) EPS. Research analysts anticipate that Thoughtworks will post -0.02 EPS for the current fiscal year.

About Thoughtworks

Thoughtworks Holding, Inc provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America. The company's consultancy services integrate strategy, design, and software engineering to enable enterprises and technology disruptors to thrive as modern digital businesses.