Tableau Software Inc (NYSE:DATA) Receives Average Recommendation of “Hold” from Brokerages

Tableau Software Inc (NYSE:DATA) has earned a consensus rating of “Hold” from the twenty-two research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $146.20.

A number of research analysts have recently issued reports on DATA shares. ValuEngine downgraded shares of Tableau Software from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Wedbush reissued an “outperform” rating and set a $145.00 target price on shares of Tableau Software in a research report on Thursday, April 18th. BMO Capital Markets dropped their target price on shares of Tableau Software from $145.00 to $140.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 23rd. UBS Group boosted their target price on shares of Tableau Software to $134.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $156.00 target price on shares of Tableau Software in a research report on Friday, May 3rd.

Shares of Tableau Software stock traded down $0.61 on Friday, reaching $171.28. The stock had a trading volume of 7,093 shares, compared to its average volume of 2,571,670. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.25. Tableau Software has a 1 year low of $92.01 and a 1 year high of $173.37. The company has a market cap of $14.52 billion, a P/E ratio of -53.86 and a beta of 1.19.

Tableau Software (NYSE:DATA) last issued its quarterly earnings data on Thursday, May 2nd. The software company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.60. Tableau Software had a negative net margin of 27.58% and a negative return on equity of 25.93%. The firm had revenue of $282.50 million for the quarter, compared to the consensus estimate of $287.24 million. During the same quarter in the previous year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts forecast that Tableau Software will post -0.76 EPS for the current fiscal year.

In related news, Director John Mcadam sold 15,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $121.17, for a total value of $1,817,550.00. Following the completion of the transaction, the director now directly owns 31,835 shares in the company, valued at approximately $3,857,446.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Damon A. Fletcher sold 3,101 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $121.06, for a total transaction of $375,407.06. Following the completion of the transaction, the chief financial officer now owns 48,955 shares of the company’s stock, valued at $5,926,492.30. The disclosure for this sale can be found here. Insiders sold a total of 57,781 shares of company stock worth $6,962,045 over the last ninety days. Insiders own 12.58% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of DATA. Vanguard Group Inc grew its holdings in Tableau Software by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 6,118,849 shares of the software company’s stock worth $683,720,000 after acquiring an additional 299,635 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Tableau Software in the 4th quarter valued at about $39,000. Janney Montgomery Scott LLC grew its stake in shares of Tableau Software by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,210 shares of the software company’s stock valued at $745,000 after buying an additional 156 shares during the period. M&T Bank Corp grew its stake in shares of Tableau Software by 7.8% in the 4th quarter. M&T Bank Corp now owns 2,421 shares of the software company’s stock valued at $290,000 after buying an additional 176 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Tableau Software by 2.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,988 shares of the software company’s stock valued at $479,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 88.59% of the company’s stock.

About Tableau Software

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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Analyst Recommendations for Tableau Software (NYSE:DATA)

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