Thoughtworks Holding, Inc. (NASDAQ:TWKS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Thoughtworks Holding, Inc. (NASDAQ:TWKSGet Free Report) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $4.94.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 28th. Piper Sandler lowered their target price on Thoughtworks from $5.00 to $3.40 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Citigroup increased their price target on Thoughtworks from $2.50 to $3.25 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Robert W. Baird boosted their price target on Thoughtworks from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Finally, Wedbush reiterated an “outperform” rating and set a $6.00 price objective on shares of Thoughtworks in a research note on Wednesday, May 8th.

Read Our Latest Stock Analysis on TWKS

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. acquired a new stake in Thoughtworks during the third quarter worth approximately $41,000. Catalina Capital Group LLC acquired a new stake in Thoughtworks during the 1st quarter worth approximately $26,000. Jump Financial LLC bought a new stake in Thoughtworks in the 3rd quarter valued at $45,000. Envestnet Portfolio Solutions Inc. acquired a new position in Thoughtworks in the 3rd quarter valued at $49,000. Finally, SG Americas Securities LLC bought a new position in Thoughtworks during the 3rd quarter worth $56,000. 32.81% of the stock is owned by institutional investors and hedge funds.

Thoughtworks Stock Down 7.2 %

TWKS opened at $2.97 on Friday. The firm has a market cap of $959.04 million, a price-to-earnings ratio of -10.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.87 and a current ratio of 2.87. The firm’s 50-day simple moving average is $2.55 and its 200-day simple moving average is $3.64. Thoughtworks has a twelve month low of $2.19 and a twelve month high of $8.31.

Thoughtworks (NASDAQ:TWKSGet Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.04) EPS for the quarter. The business had revenue of $252.39 million for the quarter, compared to the consensus estimate of $268.34 million. Thoughtworks had a negative return on equity of 4.10% and a negative net margin of 8.56%. Equities research analysts anticipate that Thoughtworks will post -0.04 EPS for the current fiscal year.

About Thoughtworks

(Get Free Report

Thoughtworks Holding, Inc provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America. The company's consultancy services integrate strategy, design, and software engineering to enable enterprises and technology disruptors to thrive as modern digital businesses.

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Analyst Recommendations for Thoughtworks (NASDAQ:TWKS)

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