QAD (QADA) Stock Rating Upgraded by BidaskClub

QAD (NASDAQ:QADA) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other analysts have also recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $44.00 price objective (up from $36.00) on shares of QAD in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Stifel Nicolaus increased their price objective on QAD from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, Zacks Investment Research cut QAD from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $40.75.

QAD (NASDAQ:QADA) traded up $0.25 during trading on Wednesday, reaching $40.00. The company’s stock had a trading volume of 25,700 shares, compared to its average volume of 37,226. QAD has a 52 week low of $26.04 and a 52 week high of $42.00. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.12.

QAD (NASDAQ:QADA) last posted its quarterly earnings data on Tuesday, November 21st. The software maker reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. QAD had a negative return on equity of 2.06% and a negative net margin of 6.40%. The company had revenue of $76.93 million during the quarter, compared to analysts’ expectations of $73.99 million. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. research analysts forecast that QAD will post -0.25 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of QADA. Whetstone Capital Advisors LLC lifted its holdings in shares of QAD by 600.1% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 162,770 shares of the software maker’s stock valued at $5,103,000 after buying an additional 139,521 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of QAD by 10.4% in the 2nd quarter. Renaissance Technologies LLC now owns 661,177 shares of the software maker’s stock valued at $21,191,000 after buying an additional 62,300 shares during the period. Royce & Associates LP lifted its holdings in shares of QAD by 12.6% in the 2nd quarter. Royce & Associates LP now owns 372,500 shares of the software maker’s stock valued at $11,939,000 after buying an additional 41,700 shares during the period. Bamco Inc. NY lifted its holdings in shares of QAD by 316.7% in the 2nd quarter. Bamco Inc. NY now owns 50,000 shares of the software maker’s stock valued at $1,602,000 after buying an additional 38,000 shares during the period. Finally, OxFORD Asset Management LLP acquired a new stake in shares of QAD in the 2nd quarter valued at approximately $1,060,000. 44.89% of the stock is owned by institutional investors and hedge funds.

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QAD Company Profile

QAD Inc (QAD) is a provider of vertically oriented enterprise software solutions for global manufacturing companies across the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. QAD Enterprise Applications enables measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management.

Analyst Recommendations for QAD (NASDAQ:QADA)

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