Fatpipe Inc/UT (NASDAQ:FATN) Stock Rating Lowered by Wall Street Zen

Fatpipe Inc/UT (NASDAQ:FATN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. D. Boral Capital reissued a “buy” rating and issued a $8.00 target price on shares of Fatpipe Inc/UT in a report on Friday, May 1st. Northland Securities assumed coverage on shares of Fatpipe Inc/UT in a report on Monday, May 11th. They set an “outperform” rating and a $12.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Fatpipe Inc/UT from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Fatpipe Inc/UT Price Performance

Shares of FATN stock opened at $6.08 on Friday. The company has a current ratio of 3.85, a quick ratio of 3.75 and a debt-to-equity ratio of 0.17. Fatpipe Inc/UT has a twelve month low of $1.31 and a twelve month high of $10.77. The company has a market cap of $85.24 million, a P/E ratio of 15.59 and a beta of 2.80. The stock’s fifty day simple moving average is $5.62.

Fatpipe Inc/UT (NASDAQ:FATN) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. Fatpipe Inc/UT had a return on equity of 29.83% and a net margin of 26.87%.The business had revenue of $5.03 million for the quarter. As a group, equities research analysts anticipate that Fatpipe Inc/UT will post 0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fatpipe Inc/UT

An institutional investor recently bought a new position in Fatpipe Inc/UT stock. Renaissance Technologies LLC bought a new position in Fatpipe Inc/UT (NASDAQ:FATN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 25,300 shares of the company’s stock, valued at approximately $51,000. Renaissance Technologies LLC owned approximately 0.18% of Fatpipe Inc/UT as of its most recent SEC filing.

Fatpipe Inc/UT Company Profile

FatPipe is a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. Organizations, large and small, have become increasingly dependent on their information technology (“IT”) network infrastructure for data access and communications, and the critical importance of network reliability, extensibility, and durability has continued to grow as the volume of traffic across those networks expands.