Thoughtworks Holding, Inc. (NASDAQ:TWKS) Receives $4.94 Average PT from Brokerages

Shares of Thoughtworks Holding, Inc. (NASDAQ:TWKSGet Free Report) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $4.94.

A number of equities analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Thoughtworks from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Royal Bank of Canada dropped their price objective on Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. William Blair reissued a “market perform” rating on shares of Thoughtworks in a research report on Wednesday, February 28th. Piper Sandler cut their price target on shares of Thoughtworks from $5.00 to $3.40 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $6.00 price objective on shares of Thoughtworks in a report on Wednesday, May 8th.

Read Our Latest Stock Analysis on Thoughtworks

Thoughtworks Stock Performance

Shares of TWKS stock opened at $2.79 on Wednesday. The company has a market capitalization of $900.92 million, a price-to-earnings ratio of -9.62 and a beta of 1.07. Thoughtworks has a 1-year low of $2.19 and a 1-year high of $8.03. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $2.69 and its 200-day simple moving average is $3.50.

Thoughtworks (NASDAQ:TWKSGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Thoughtworks had a negative net margin of 8.56% and a negative return on equity of 4.10%. The business had revenue of $248.59 million during the quarter, compared to analyst estimates of $242.77 million. On average, sell-side analysts predict that Thoughtworks will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thoughtworks

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Thoughtworks by 1.0% in the first quarter. Vanguard Group Inc. now owns 11,446,418 shares of the company’s stock valued at $28,959,000 after acquiring an additional 112,782 shares during the period. Mubadala Investment Co PJSC bought a new position in shares of Thoughtworks during the 4th quarter worth approximately $37,411,000. Summit Creek Advisors LLC boosted its stake in Thoughtworks by 0.7% in the 1st quarter. Summit Creek Advisors LLC now owns 1,335,630 shares of the company’s stock valued at $3,379,000 after buying an additional 8,986 shares in the last quarter. LGT Capital Partners LTD. bought a new stake in Thoughtworks in the fourth quarter valued at $4,233,000. Finally, B. Riley Asset Management LLC raised its stake in Thoughtworks by 80.6% during the third quarter. B. Riley Asset Management LLC now owns 561,885 shares of the company’s stock worth $2,292,000 after acquiring an additional 250,785 shares in the last quarter. Institutional investors and hedge funds own 32.81% of the company’s stock.

Thoughtworks Company Profile

(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.

Further Reading

Analyst Recommendations for Thoughtworks (NASDAQ:TWKS)

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