Thoughtworks Holding, Inc. (NASDAQ:TWKS) Receives $5.08 Average Price Target from Analysts

Shares of Thoughtworks Holding, Inc. (NASDAQ:TWKSGet Free Report) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $5.08.

A number of brokerages have weighed in on TWKS. Citigroup increased their price target on shares of Thoughtworks from $4.50 to $5.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. William Blair reissued a “market perform” rating on shares of Thoughtworks in a report on Wednesday, February 28th. Piper Sandler reduced their price target on shares of Thoughtworks from $5.00 to $3.40 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Robert W. Baird raised shares of Thoughtworks from a “neutral” rating to an “outperform” rating and set a $6.00 price target for the company in a report on Tuesday, January 2nd. Finally, Royal Bank of Canada reduced their price target on shares of Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th.

View Our Latest Stock Analysis on TWKS

Thoughtworks Price Performance

NASDAQ TWKS opened at $2.53 on Friday. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $3.64 and a 200 day simple moving average of $4.00. The company has a market cap of $816.51 million, a P/E ratio of -11.50 and a beta of 1.03. Thoughtworks has a 1 year low of $2.26 and a 1 year high of $8.41.

Thoughtworks (NASDAQ:TWKSGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $252.39 million for the quarter, compared to the consensus estimate of $268.34 million. Thoughtworks had a negative return on equity of 2.46% and a negative net margin of 6.09%. On average, sell-side analysts predict that Thoughtworks will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Thoughtworks

Hedge funds have recently made changes to their positions in the company. LGT Capital Partners LTD. acquired a new stake in shares of Thoughtworks during the 4th quarter worth about $4,233,000. Graham Capital Management L.P. acquired a new stake in Thoughtworks in the 3rd quarter valued at about $287,000. Rathbones Group PLC acquired a new stake in Thoughtworks in the 3rd quarter valued at about $1,078,000. Principal Financial Group Inc. acquired a new stake in Thoughtworks in the 2nd quarter valued at about $83,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Thoughtworks in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 32.81% of the company’s stock.

Thoughtworks Company Profile

(Get Free Report

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.

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Analyst Recommendations for Thoughtworks (NASDAQ:TWKS)

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