Mulesoft Inc (NASDAQ:MULE)‘s stock had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc. in a research report issued on Monday.
A number of other research analysts have also recently weighed in on MULE. Piper Jaffray Companies reaffirmed a “buy” rating and set a $27.00 price objective on shares of Mulesoft in a research report on Monday, August 14th. Zacks Investment Research raised Mulesoft from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Barclays PLC reaffirmed a “hold” rating and set a $24.00 price objective on shares of Mulesoft in a research report on Wednesday, August 2nd. William Blair reaffirmed an “outperform” rating on shares of Mulesoft in a research report on Sunday, July 30th. Finally, CIBC assumed coverage on Mulesoft in a research report on Thursday, June 8th. They set a “market perform” rating on the stock. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.43.
Shares of Mulesoft (NASDAQ MULE) opened at 20.61 on Monday. The company’s market capitalization is $2.66 billion. The stock’s 50 day moving average price is $21.18 and its 200 day moving average price is $23.36. Mulesoft has a 12 month low of $19.52 and a 12 month high of $29.00.
Mulesoft (NASDAQ:MULE) last announced its earnings results on Thursday, July 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.01. The business had revenue of $69.20 million for the quarter, compared to analysts’ expectations of $63.63 million. Mulesoft had a negative return on equity of 30.07% and a negative net margin of 28.36%. Mulesoft’s revenue was up 57.3% compared to the same quarter last year. On average, analysts forecast that Mulesoft will post ($0.39) EPS for the current year.
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Several hedge funds have recently bought and sold shares of MULE. Strs Ohio purchased a new position in shares of Mulesoft during the 1st quarter valued at about $121,000. AO Asset Management LLC purchased a new position in shares of Mulesoft during the 1st quarter valued at about $122,000. Nationwide Fund Advisors bought a new stake in Mulesoft during the 1st quarter valued at approximately $146,000. SG Americas Securities LLC bought a new stake in Mulesoft during the 1st quarter valued at approximately $183,000. Finally, Point72 Asia Hong Kong Ltd bought a new stake in Mulesoft during the 1st quarter valued at approximately $242,000.
MuleSoft, Inc is engaged in providing a software platform that connects a range of technologies. The Company enables organizations to manage and secure the flow of data between all systems in the enterprise. The Company offers organizations to create agile infrastructures. The Company has developed Anypoint Platform.
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