Shares of Duck Creek Technologies, Inc. (NASDAQ:DCT – Get Rating) have been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $23.50.
Several equities analysts have commented on the stock. Bank of America downgraded shares of Duck Creek Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $39.00 to $16.00 in a report on Thursday, June 30th. Royal Bank of Canada downgraded shares of Duck Creek Technologies from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $18.00 to $14.00 in a research note on Tuesday, July 19th. DA Davidson decreased their price target on shares of Duck Creek Technologies to $30.00 in a research note on Monday, July 4th. Raymond James decreased their price target on shares of Duck Creek Technologies from $24.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, June 30th. Finally, JMP Securities downgraded shares of Duck Creek Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, July 1st.
Insider Buying and Selling
In other news, insider Eva F. Harris acquired 3,516 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was acquired at an average price of $14.25 per share, with a total value of $50,103.00. Following the completion of the transaction, the insider now directly owns 76,901 shares of the company’s stock, valued at approximately $1,095,839.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Duck Creek Technologies Price Performance
NASDAQ:DCT opened at $11.78 on Thursday. Duck Creek Technologies has a one year low of $11.41 and a one year high of $49.01. The company has a market cap of $1.56 billion, a P/E ratio of -147.25, a P/E/G ratio of 5.99 and a beta of 0.44. The firm’s fifty day moving average price is $13.06 and its two-hundred day moving average price is $15.38.
Duck Creek Technologies (NASDAQ:DCT – Get Rating) last released its quarterly earnings data on Wednesday, June 29th. The company reported $0.01 EPS for the quarter. Duck Creek Technologies had a negative net margin of 3.93% and a positive return on equity of 0.69%. The firm had revenue of $72.36 million for the quarter, compared to the consensus estimate of $72.08 million. During the same period in the previous year, the company earned $0.02 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Duck Creek Technologies will post 0.05 earnings per share for the current year.
About Duck Creek Technologies
Duck Creek Technologies, Inc provides software-as-a-service core systems to the property and casualty insurance industry in the United States and internationally. The company provides Duck Creek Policy, a solution that enables insurers to develop and launch new insurance products and manage various aspects of policy administration ranging from product definition to quoting, binding, and servicing; Duck Creek Billing that provides payment and invoicing capabilities, such as billing and collections, commission processing, disbursement management, and general ledger capabilities for insurance lines and bill types; and Duck Creek Claims that supports entire claims lifecycle from first notice of loss through investigation, payments, negotiations, reporting, and closure.
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