NetSuite Inc. (NYSE:N) saw strong trading volume on Thursday . 1,733,092 shares were traded during trading, an increase of 47% from the previous session’s volume of 1,176,652 shares.The stock last traded at $81.90 and had previously closed at $80.80.

A number of research firms have recently commented on N. SunTrust Banks Inc. restated a “buy” rating and issued a $93.00 price objective on shares of NetSuite in a research report on Thursday, May 5th. FBR & Co boosted their price objective on NetSuite from $90.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday, April 29th. Morgan Stanley restated a “sell” rating on shares of NetSuite in a research report on Saturday, April 30th. Canaccord Genuity restated a “buy” rating and issued a $100.00 price objective on shares of NetSuite in a research report on Friday, April 29th. Finally, MKM Partners boosted their price objective on NetSuite from $82.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, April 29th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the stock. NetSuite has an average rating of “Hold” and an average target price of $82.66.

The company’s 50-day moving average price is $78.07 and its 200-day moving average price is $71.87. The firm’s market cap is $6.81 billion.

NetSuite (NYSE:N) last issued its earnings results on Thursday, April 28th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.08. The firm earned $216.60 million during the quarter, compared to analyst estimates of $213.45 million. During the same quarter in the previous year, the business posted $0.11 EPS. NetSuite’s revenue was up 5.0% compared to the same quarter last year. Analysts forecast that NetSuite Inc. will post $0.45 earnings per share for the current year.

In related news, SVP Douglas P. Solomon sold 585 shares of NetSuite stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $76.94, for a total value of $45,009.90. Following the transaction, the senior vice president now owns 53,677 shares in the company, valued at $4,129,908.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ronald S. Gill sold 339 shares of NetSuite stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $75.91, for a total value of $25,733.49. Following the completion of the transaction, the chief financial officer now owns 93,407 shares in the company, valued at approximately $7,090,525.37. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of N. Rhumbline Advisers boosted its position in shares of NetSuite by 1.3% in the fourth quarter. Rhumbline Advisers now owns 38,200 shares of the company’s stock worth $3,232,000 after buying an additional 497 shares during the last quarter. Swiss National Bank boosted its position in shares of NetSuite by 3.0% in the fourth quarter. Swiss National Bank now owns 71,200 shares of the company’s stock worth $6,025,000 after buying an additional 2,100 shares in the last quarter. Pitcairn Co. boosted its position in shares of NetSuite by 48.1% in the fourth quarter. Pitcairn Co. now owns 14,846 shares of the company’s stock worth $1,256,000 after buying an additional 4,819 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of NetSuite by 14.4% in the fourth quarter. Schroder Investment Management Group now owns 59,178 shares of the company’s stock worth $5,008,000 after buying an additional 7,471 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of NetSuite by 4.3% in the fourth quarter. New York State Common Retirement Fund now owns 217,800 shares of the company’s stock worth $18,430,000 after buying an additional 8,900 shares in the last quarter.

NetSuite Inc (NetSuite) is a provider of cloud-based financials, enterprise resource planning and omnichannel commerce software suites. The Company offers a suite of applications, including financial management, customer relationship management, e-commerce and retail management, commerce marketing automation, professional services automation and human capital management that enable companies to manage business operations in an integrated suite.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.