Thoughtworks Holding, Inc. (NASDAQ:TWKS – Get Free Report) saw unusually-strong trading volume on Tuesday after Piper Sandler raised their price target on the stock from $3.40 to $4.40. Piper Sandler currently has a neutral rating on the stock. Approximately 1,795,300 shares changed hands during trading, an increase of 68% from the previous session’s volume of 1,069,287 shares.The stock last traded at $4.32 and had previously closed at $4.31.
Other equities analysts have also issued research reports about the company. Robert W. Baird reissued a “neutral” rating and set a $4.40 price target on shares of Thoughtworks in a report on Tuesday. Citigroup reduced their price target on shares of Thoughtworks from $3.25 to $2.75 and set a “neutral” rating for the company in a research report on Friday, July 12th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Thoughtworks in a research report on Tuesday. Wedbush restated an “outperform” rating and set a $6.00 price objective on shares of Thoughtworks in a research report on Wednesday, May 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Thoughtworks in a research note on Monday, June 24th. They issued a “sell” rating and a $2.50 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.44.
Read Our Latest Stock Report on TWKS
Institutional Trading of Thoughtworks
Thoughtworks Price Performance
The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.87 and a current ratio of 2.87. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -14.90 and a beta of 1.10. The company’s fifty day moving average is $2.96 and its two-hundred day moving average is $3.10.
Thoughtworks (NASDAQ:TWKS – Get Free Report) last posted its earnings results on Monday, August 5th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $251.70 million for the quarter, compared to analyst estimates of $251.37 million. Thoughtworks had a negative net margin of 8.56% and a negative return on equity of 4.10%. The business’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) EPS. Equities research analysts forecast that Thoughtworks Holding, Inc. will post -0.02 EPS for the current 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.
Featured Stories
- Five stocks we like better than Thoughtworks
- High Flyers: 3 Natural Gas Stocks for March 2022
- What Are Bonds? A High-Level Overview
- Investing in large cap stocks: Diving into big caps
- Super Micro Stock Drops Sharply After Earnings on Margin Concerns
- Why Are Stock Sectors Important to Successful Investing?
- Lyft’s First-Ever Profit, but the Outlook Is a Speed Bump
Receive News & Ratings for Thoughtworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thoughtworks and related companies with MarketBeat.com's FREE daily email newsletter.