Elastic (NYSE:ESTC – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-six analysts that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $125.70.
Several brokerages have recently weighed in on ESTC. Wells Fargo & Company lifted their price objective on Elastic from $100.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Royal Bank of Canada lifted their price target on shares of Elastic from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Rosenblatt Securities restated a “buy” rating and issued a $120.00 price objective on shares of Elastic in a research note on Wednesday, November 20th. Bank of America lifted their target price on shares of Elastic from $94.00 to $120.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Finally, Oppenheimer increased their price target on shares of Elastic from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd.
Check Out Our Latest Stock Report on ESTC
Insider Transactions at Elastic
Institutional Trading of Elastic
Several institutional investors and hedge funds have recently made changes to their positions in the business. M&T Bank Corp grew its position in shares of Elastic by 3.1% during the 3rd quarter. M&T Bank Corp now owns 4,652 shares of the company’s stock worth $357,000 after buying an additional 139 shares during the period. QRG Capital Management Inc. grew its holdings in Elastic by 7.0% during the third quarter. QRG Capital Management Inc. now owns 3,063 shares of the company’s stock valued at $235,000 after purchasing an additional 201 shares during the period. Oppenheimer & Co. Inc. increased its stake in Elastic by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 6,810 shares of the company’s stock valued at $523,000 after purchasing an additional 219 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Elastic by 12.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 2,985 shares of the company’s stock worth $229,000 after purchasing an additional 332 shares during the period. Finally, FNY Investment Advisers LLC boosted its position in shares of Elastic by 87.3% during the fourth quarter. FNY Investment Advisers LLC now owns 749 shares of the company’s stock worth $74,000 after purchasing an additional 349 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.
Elastic Stock Up 0.5 %
ESTC stock opened at $100.49 on Tuesday. Elastic has a twelve month low of $69.00 and a twelve month high of $136.06. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.70. The company has a market cap of $10.41 billion, a PE ratio of 182.70 and a beta of 1.06. The business’s 50-day simple moving average is $101.86 and its 200 day simple moving average is $95.49.
About Elastic
Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.
Recommended Stories
- Five stocks we like better than Elastic
- Stock Average Calculator
- 3 Stocks to Gain From Donald Trump’s External Revenue Service
- Utilities Stocks Explained – How and Why to Invest in Utilities
- AMD: Loop Capital’s Buy Rating Reinforces Investor Confidence
- Stock Market Sectors: What Are They and How Many Are There?
- Momentum Is Building for Qualcomm to Have a Strong Run in 2025
Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter.