Apptio (APTI) Earning Positive Press Coverage, Report Shows
Media headlines about Apptio (NASDAQ:APTI) have trended positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Apptio earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.6805492979492 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Apptio (APTI) traded down 0.67% during midday trading on Friday, hitting $16.30. 233,580 shares of the company traded hands. The stock has a 50 day moving average of $17.21 and a 200 day moving average of $14.84. The stock’s market cap is $651.27 million. Apptio has a 12-month low of $10.77 and a 12-month high of $24.60.
Apptio (NASDAQ:APTI) last released its earnings results on Wednesday, August 2nd. The technology company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $45.23 million for the quarter, compared to analyst estimates of $43.72 million. Apptio had a negative return on equity of 41.76% and a negative net margin of 17.36%. Apptio’s revenue was up 16.6% on a year-over-year basis. Equities research analysts predict that Apptio will post ($0.37) EPS for the current fiscal year.
Several equities research analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Apptio from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. assumed coverage on shares of Apptio in a research report on Thursday, July 27th. They issued an “outperform” rating and a $25.00 price objective on the stock. Zacks Investment Research lowered shares of Apptio from a “hold” rating to a “sell” rating in a research report on Thursday, June 1st. Finally, J P Morgan Chase & Co upgraded shares of Apptio from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $16.00 to $18.00 in a research report on Wednesday, April 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Apptio has an average rating of “Buy” and an average price target of $23.00.
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In related news, insider Christopher Pick sold 170,000 shares of Apptio stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $16.05, for a total transaction of $2,728,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 43.20% of the stock is owned by insiders.
Apptio Company Profile
Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.
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