Netskope Inc. (NASDAQ:NTSK) Receives $27.18 Consensus Price Target from Brokerages

Shares of Netskope Inc. (NASDAQ:NTSK) have been assigned a consensus rating of “Moderate Buy” from the twenty research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $27.1765.

A number of equities research analysts have commented on the company. Morgan Stanley began coverage on Netskope in a research report on Monday, October 13th. They set an “overweight” rating and a $27.00 price objective for the company. Piper Sandler restated an “overweight” rating on shares of Netskope in a report on Friday, December 12th. UBS Group set a $27.00 price objective on shares of Netskope in a research report on Monday, October 13th. Royal Bank Of Canada increased their target price on shares of Netskope from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Finally, Zacks Research raised shares of Netskope to a “hold” rating in a research note on Monday, October 20th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NTSK. TD Asset Management Inc bought a new position in Netskope during the third quarter valued at approximately $5,005,000. Monashee Investment Management LLC acquired a new position in shares of Netskope during the 3rd quarter worth $6,819,000. Assetmark Inc. bought a new position in shares of Netskope during the 3rd quarter valued at $83,000. CenterBook Partners LP acquired a new stake in shares of Netskope in the 3rd quarter valued at $449,000. Finally, Readystate Asset Management LP bought a new stake in Netskope in the third quarter worth $341,000.

Netskope Stock Performance

NASDAQ NTSK opened at $16.90 on Friday. The business’s 50 day moving average price is $20.05. The company has a debt-to-equity ratio of 5.17, a quick ratio of 2.32 and a current ratio of 2.32. Netskope has a twelve month low of $16.57 and a twelve month high of $27.99. The stock has a market cap of $6.65 billion and a PE ratio of -169.00.

Netskope (NASDAQ:NTSK) last released its earnings results on Thursday, December 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.15. The business had revenue of $184.17 million during the quarter, compared to analysts’ expectations of $175.81 million. The business’s quarterly revenue was up 33.0% compared to the same quarter last year.

About Netskope

We are redefining security and networking for the era of cloud and AI. The cloud and AI have completely revolutionized work. We are more dispersed, more productive, and more automated than ever before, and the rate of change is only accelerating. Not since the internet has there been such a transformative tectonic shift. But, with it has come collateral damage-traditional security and networking are now broken. We founded Netskope to address this revolution. We built Netskope One, our unified, cloud-native platform from the ground up to solve the challenge of securing and accelerating the digital interactions of enterprises in this new era.