Shares of SciQuest, Inc. (NYSE:SQI) have been given an average broker rating score of 2.13 (Buy) from the eight analysts that cover the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company.
Brokerages have set a 1-year consensus price objective of $15.33 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given SciQuest an industry rank of 161 out of 265 based on the ratings given to related companies.
In related news, CEO Stephen J. Wiehe purchased 15,400 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was purchased at an average cost of $12.10 per share, with a total value of $186,340.00. Following the completion of the purchase, the chief executive officer now owns 635,603 shares in the company, valued at approximately $7,690,796.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
An institutional investor recently raised its position in SciQuest stock. J. Goldman & Company increased its position in shares of SciQuest, Inc. (NYSE:SQI) by 303.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,470,797 shares of the company’s stock after buying an additional 1,105,797 shares during the period. SciQuest comprises about 1.3% of J. Goldman & Company’s holdings, making the stock its 13th largest position. J. Goldman & Company owned about 5.29% of SciQuest worth $14,708,000 as of its most recent SEC filing.
SciQuest (NYSE:SQI) opened at 12.97 on Monday. SciQuest has a 1-year low of $9.49 and a 1-year high of $18.26. The company has a market capitalization of $360.76 million and a price-to-earnings ratio of 498.85. The stock has a 50 day moving average price of $12.90 and a 200-day moving average price of $12.36.
SciQuest (NYSE:SQI) last issued its earnings results on Thursday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The firm earned $26.30 million during the quarter, compared to analyst estimates of $26.07 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts predict that SciQuest will post $0.28 earnings per share for the current year.
Several research analysts have recently commented on SQI shares. Zacks Investment Research raised shares of SciQuest from a “sell” rating to a “hold” rating in a report on Tuesday, September 29th. TheStreet cut shares of SciQuest from a “hold” rating to a “sell” rating in a report on Friday, October 30th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $12.00 target price on shares of SciQuest in a report on Friday, October 30th.
SciQuest, Inc. provides cloud-based business automation solutions for spend management. The Company’s offers procurement solutions that automate the source-to-settle process; spend analysis solutions that cleanse and classify spend data to drive and measure cost savings; supplier management solutions that facilitate its customers’ interactions with their suppliers; contract lifecycle management solutions that automate the contract lifecycle from contract creation through maintenance, and accounts payable solutions that automate the invoice processing and vendor payment processes. The Company’s SciQuest Supplier Network is Software-as-a-Service (NYSE:SQI) communications hub that enables transaction interactions between its customers and their suppliers through its procurement, accounts payable and supplier management solutions. It is the single integration point between its customers and their suppliers that provides customers with supplier information, including supplier catalogs.
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