Thoughtworks Holding, Inc. (NASDAQ:TWKS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Thoughtworks Holding, Inc. (NASDAQ:TWKS) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $4.58.

TWKS has been the subject of a number of research reports. Citigroup decreased their target price on shares of Thoughtworks from $2.75 to $2.50 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Royal Bank of Canada lowered their target price on Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. William Blair reiterated a “market perform” rating on shares of Thoughtworks in a research report on Wednesday, February 28th. Robert W. Baird upgraded Thoughtworks from a “neutral” rating to an “outperform” rating and set a $6.00 price objective on the stock in a research report on Tuesday, January 2nd. Finally, Piper Sandler cut their target price on shares of Thoughtworks from $5.00 to $3.40 and set a “neutral” rating for the company in a report on Tuesday, February 27th.

Thoughtworks Stock Up 2.6 %

Thoughtworks stock opened at $2.39 on Tuesday. Thoughtworks has a fifty-two week low of $2.19 and a fifty-two week high of $8.41. The company has a market cap of $771.56 million, a PE ratio of -10.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.69 and a current ratio of 2.69. The business’s 50-day simple moving average is $2.73 and its two-hundred day simple moving average is $3.74.

Thoughtworks (NASDAQ:TWKS) last issued its earnings results on Tuesday, February 27th. The company reported ($0.04) EPS for the quarter. Thoughtworks had a negative net margin of 6.09% and a negative return on equity of 2.46%. The firm had revenue of $252.39 million during the quarter, compared to analysts’ expectations of $268.34 million. Equities analysts anticipate that Thoughtworks will post -0.04 EPS for the current year.

Institutional Trading of Thoughtworks

Several institutional investors have recently bought and sold shares of TWKS. Mubadala Investment Co PJSC acquired a new position in shares of Thoughtworks during the 4th quarter worth approximately $37,411,000. Aristides Capital LLC acquired a new position in Thoughtworks during the fourth quarter worth $260,000. Summit Creek Advisors LLC lifted its holdings in Thoughtworks by 22.6% during the fourth quarter. Summit Creek Advisors LLC now owns 1,326,644 shares of the company’s stock valued at $6,381,000 after purchasing an additional 244,693 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Thoughtworks during the fourth quarter valued at $117,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Thoughtworks in the fourth quarter valued at about $245,000. 32.81% of the stock is owned by institutional investors and hedge funds.

Thoughtworks Company Profile

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.