A number of other equities analysts have also recently weighed in on the company. Barclays boosted their price target on Cornerstone OnDemand from $42.00 to $46.00 and gave the stock an overweight rating in a report on Friday, October 23rd. They noted that the move was a valuation call. Bank of America cut Cornerstone OnDemand from a buy rating to an underperform rating and cut their price target for the stock from $46.00 to $36.00 in a report on Monday, July 27th. Needham & Company LLC started coverage on Cornerstone OnDemand in a report on Friday, July 17th. They issued a buy rating and a $45.00 price target for the company. Zacks Investment Research lowered Cornerstone OnDemand from a hold rating to a sell rating in a research note on Wednesday, July 29th. Finally, BMO Capital Markets started coverage on Cornerstone OnDemand in a research note on Wednesday, September 23rd. They issued a market perform rating and a $39.00 target price for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $45.64.
Shares of CSOD stock opened at $37.63 on Wednesday. The stock has a fifty day moving average price of $36.41 and a 200 day moving average price of $36.14. The stock has a market cap of $2.43 billion, a PE ratio of -134.39, a P/E/G ratio of 5.01 and a beta of 1.29. Cornerstone OnDemand has a 1 year low of $22.22 and a 1 year high of $64.45. The company has a debt-to-equity ratio of 5.07, a quick ratio of 0.73 and a current ratio of 0.73.
Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Monday, August 10th. The software maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.14. Cornerstone OnDemand had a positive return on equity of 51.03% and a negative net margin of 2.79%. The company had revenue of $184.36 million during the quarter, compared to analysts’ expectations of $178.72 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. As a group, equities research analysts predict that Cornerstone OnDemand will post 0.46 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC purchased a new stake in Cornerstone OnDemand during the second quarter valued at about $39,000. Advisor Group Holdings Inc. purchased a new stake in shares of Cornerstone OnDemand in the first quarter worth about $42,000. Nisa Investment Advisors LLC boosted its position in shares of Cornerstone OnDemand by 97.6% in the third quarter. Nisa Investment Advisors LLC now owns 3,240 shares of the software maker’s stock worth $118,000 after buying an additional 1,600 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Cornerstone OnDemand in the second quarter worth about $199,000. Finally, Highland Capital Management Fund Advisors L.P. purchased a new stake in shares of Cornerstone OnDemand in the second quarter worth about $212,000. 82.74% of the stock is owned by hedge funds and other institutional investors.
About Cornerstone OnDemand
Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and people development solutions through software-as-a-service model worldwide. Its enterprise people development solution comprises four product suites, such as Recruiting Suite that helps organizations to attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Suite, which provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.
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