Carbonite Inc. (NASDAQ:CARB)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.66 and last traded at $13.22, with a volume of 175,926 shares. The stock had previously closed at $13.10.

CARB has been the subject of a number of research reports. Zacks Investment Research cut Carbonite from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Carbonite in a report on Tuesday, May 3rd. Finally, B. Riley initiated coverage on Carbonite in a report on Thursday, June 9th. They issued a “buy” rating and a $15.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Carbonite currently has an average rating of “Buy” and a consensus price target of $13.33.

The company’s market capitalization is $354.22 million. The firm’s 50 day moving average is $11.22 and its 200 day moving average is $9.04.

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

In other Carbonite news, VP Danielle Sheer sold 6,172 shares of the firm’s 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 sale, the vice president now directly owns 100,903 shares of the company’s stock, valued at $958,578.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Anthony Folger sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $13.23, for a total value of $79,380.00. 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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