Carbonite Inc. (NASDAQ:CARB) shares were up 2.7% on Wednesday . The stock traded as high as $13.63 and last traded at $13.50, with a volume of 300,403 shares traded. The stock had previously closed at $13.15.

Several research analysts recently weighed in on CARB shares. B. Riley restated a “buy” rating and issued a $17.00 price objective on shares of Carbonite in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Carbonite from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, July 12th. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of Carbonite in a research report on Tuesday, May 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $13.33.

The company’s 50-day moving average price is $11.78 and its 200 day moving average price is $9.24. The firm’s market cap is $370.45 million.

Carbonite (NASDAQ:CARB) last announced its earnings results on Tuesday, August 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.16. During the same period in the previous year, the business posted ($0.01) earnings per share. The firm earned $53.40 million during the quarter, compared to analysts’ expectations of $44.19 million. The company’s revenue for the quarter was up 57.2% on a year-over-year basis. On average, equities analysts predict that Carbonite Inc. will post $0.50 EPS for the current fiscal year.

In other news, VP Danielle Sheer sold 6,172 shares of Carbonite stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $9.50, for a total transaction of $58,634.00. Following the transaction, the vice president now directly owns 100,903 shares of the company’s stock, valued at approximately $958,578.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Anthony Folger sold 8,181 shares of Carbonite stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $9.79, for a total value of $80,091.99. Following the transaction, the chief financial officer now directly owns 305,259 shares in the company, valued at $2,988,485.61. The disclosure for this sale can be found here.

Carbonite, Inc (Carbonite) is a provider of cloud and business continuity solutions. The Company’s solutions are designed to address the specific needs of small and medium sized businesses and individuals. It offers various solutions, such as Carbonite Personal, Carbonite Pro, Carbonite Server Backup and MailStore.

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