Accolade, Inc. (NASDAQ:ACCD – Get Free Report) gapped down before the market opened on Friday after Canaccord Genuity Group lowered their price target on the stock from $18.00 to $16.00. The stock had previously closed at $9.19, but opened at $7.87. Canaccord Genuity Group currently has a buy rating on the stock. Accolade shares last traded at $8.19, with a volume of 200,076 shares traded.
A number of other equities research analysts have also recently weighed in on the company. Piper Sandler upped their price target on Accolade from $12.00 to $15.00 and gave the stock an “overweight” rating in a report on Tuesday, January 9th. Wells Fargo & Company upped their target price on Accolade from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 9th. Leerink Partnrs reaffirmed an “outperform” rating on shares of Accolade in a research note on Monday, February 26th. Barclays reduced their target price on Accolade from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Needham & Company LLC reduced their target price on Accolade from $17.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.07.
Get Our Latest Analysis on ACCD
Institutional Inflows and Outflows
Accolade Stock Down 9.1 %
The firm has a 50 day moving average price of $9.75 and a two-hundred day moving average price of $9.92. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $646.37 million, a price-to-earnings ratio of -5.10 and a beta of 2.08.
Accolade (NASDAQ:ACCD – Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. The company had revenue of $124.80 million during the quarter, compared to the consensus estimate of $123.91 million. Accolade had a negative return on equity of 27.27% and a negative net margin of 31.59%. The company’s revenue was up 26.1% on a year-over-year basis. During the same period last year, the firm earned ($0.42) earnings per share. As a group, sell-side analysts expect that Accolade, Inc. will post -1.33 earnings per share for the current year.
About Accolade
Accolade, Inc, together with its subsidiaries, engages in the development and provision of personalized and technology-enabled solutions that help people to understand, navigate, and utilize the healthcare system and their workplace benefits in the United States. The company offers a platform with cloud-based technology and multimodal support from a team of health assistants and clinicians, including registered nurses, physician medical directors, pharmacists, behavioral health specialists, women's health specialists, case management specialists, expert medical opinion providers, and virtual primary care physicians.
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