In a report released today, Brian Schwartz from Oppenheimer maintained a Hold rating on Oracle (ORCL). The company’s shares closed last Monday at $56.47.
According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 28.4% and a 76.1% success rate. Schwartz covers the Technology sector, focusing on stocks such as RingCentral, Salesforce, and Medallia.
The word on The Street in general, suggests a Hold analyst consensus rating for Oracle with a $55.20 average price target, which is a -2.0% downside from current levels. In a report issued on December 9, Monness also maintained a Hold rating on the stock.
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Based on Oracle’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $9.22 billion and net profit of $2.14 billion. In comparison, last year the company earned revenue of $9.56 billion and had a net profit of $2.33 billion.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORCL in relation to earlier this year.
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