SolarWinds Co. (NYSE:SWI) Receives $20.43 Average Price Target from Analysts

Shares of SolarWinds Co. (NYSE:SWIGet Rating) have been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.43.

SWI has been the topic of a number of research analyst reports. Truist Financial decreased their price target on SolarWinds from $18.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, February 22nd. TheStreet lowered SolarWinds from a “c” rating to a “d+” rating in a research report on Friday, February 18th. Finally, Zacks Investment Research raised SolarWinds from a “sell” rating to a “strong-buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, March 1st.

Shares of SWI stock traded up $0.17 during trading hours on Friday, hitting $12.96. The company had a trading volume of 127 shares, compared to its average volume of 790,807. SolarWinds has a 12 month low of $10.76 and a 12 month high of $23.00. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -39.97 and a beta of 0.88. The firm’s fifty day moving average is $12.85 and its 200 day moving average is $14.51. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.08 and a current ratio of 2.08.

SolarWinds (NYSE:SWIGet Rating) last released its quarterly earnings results on Thursday, February 17th. The software maker reported ($0.14) EPS for the quarter. The business had revenue of $186.70 million for the quarter, compared to the consensus estimate of $181.84 million. SolarWinds had a positive return on equity of 3.59% and a negative net margin of 5.80%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. On average, sell-side analysts expect that SolarWinds will post 0.75 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of SWI. Moors & Cabot Inc. acquired a new position in shares of SolarWinds in the 3rd quarter valued at $39,000. Gamco Investors INC. ET AL lifted its stake in shares of SolarWinds by 142.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 121,395 shares of the software maker’s stock valued at $2,031,000 after purchasing an additional 71,250 shares during the period. OLD Mission Capital LLC acquired a new position in shares of SolarWinds in the 3rd quarter valued at $600,000. Duality Advisers LP lifted its stake in shares of SolarWinds by 81.0% in the 4th quarter. Duality Advisers LP now owns 60,755 shares of the software maker’s stock valued at $862,000 after purchasing an additional 27,183 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of SolarWinds in the 3rd quarter valued at $359,000. 97.17% of the stock is currently owned by hedge funds and other institutional investors.

About SolarWinds (Get Rating)

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. The company offers a portfolio of solutions to technology professionals for monitoring, managing, and optimizing networks, systems, desktops, applications, storage, databases, website infrastructures, and IT service desks.

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Analyst Recommendations for SolarWinds (NYSE:SWI)

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