Cowen set a $152.00 price objective on Atlassian (NASDAQ:TEAM) in a research report released on Friday morning, TipRanks reports. The firm currently has a buy rating on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group set a $40.00 target price on shares of Intel and gave the stock a sell rating in a research note on Friday. KeyCorp boosted their target price on shares of Tempur Sealy International from $90.00 to $95.00 and gave the stock an overweight rating in a research note on Friday. Zacks Investment Research cut shares of Eisai from a strong-buy rating to a hold rating in a research note on Wednesday, July 24th. Mizuho set a $75.00 target price on shares of Starbucks and gave the stock a buy rating in a research note on Thursday, April 11th. Finally, Morgan Stanley set a $123.00 target price on shares of Lowe’s Companies and gave the stock a buy rating in a research note on Thursday, May 23rd. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $138.27.

Shares of Atlassian stock traded down $8.56 during trading hours on Friday, reaching $137.48. The stock had a trading volume of 669,515 shares, compared to its average volume of 1,148,802. The company’s 50 day simple moving average is $133.75. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of -808.71, a PEG ratio of 102.40 and a beta of 1.30. Atlassian has a twelve month low of $65.17 and a twelve month high of $149.80. The company has a quick ratio of 3.34, a current ratio of 0.88 and a debt-to-equity ratio of 1.22.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings data on Thursday, July 25th. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.26. The business had revenue of $334.59 million during the quarter, compared to the consensus estimate of $330.60 million. Atlassian had a negative net margin of 52.69% and a negative return on equity of 2.45%. The company’s revenue was up 35.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, analysts forecast that Atlassian will post 0.08 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Winslow Evans & Crocker Inc. acquired a new position in shares of Atlassian in the 1st quarter worth approximately $34,000. Kwmg LLC acquired a new position in shares of Atlassian in the 1st quarter worth approximately $50,000. Duncker Streett & Co. Inc. acquired a new position in shares of Atlassian in the 1st quarter worth approximately $51,000. First Mercantile Trust Co. acquired a new stake in Atlassian during the 1st quarter worth approximately $56,000. Finally, Lenox Wealth Management Inc. lifted its holdings in Atlassian by 329.1% during the 1st quarter. Lenox Wealth Management Inc. now owns 545 shares of the technology company’s stock worth $61,000 after buying an additional 418 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Atlassian Company Profile

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.

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Analyst Recommendations for Atlassian (NASDAQ:TEAM)

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