Analysts Set Tufin Software Technologies Ltd. (NYSE:TUFN) Target Price at $12.17

Shares of Tufin Software Technologies Ltd. (NYSE:TUFNGet Rating) have received an average rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.17.

TUFN has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price target on Tufin Software Technologies from $11.00 to $10.00 and set a “hold” rating for the company in a report on Monday, March 21st. Colliers Securities cut Tufin Software Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 6th. Finally, Zacks Investment Research upgraded Tufin Software Technologies from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday.

A number of large investors have recently made changes to their positions in TUFN. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Tufin Software Technologies in the fourth quarter valued at $19,993,000. ETF Managers Group LLC grew its position in Tufin Software Technologies by 79.5% in the fourth quarter. ETF Managers Group LLC now owns 2,756,491 shares of the company’s stock valued at $28,860,000 after acquiring an additional 1,220,642 shares during the period. B. Riley Asset Management LLC bought a new stake in Tufin Software Technologies in the fourth quarter valued at $10,681,000. Edenbrook Capital LLC grew its position in Tufin Software Technologies by 449.8% in the fourth quarter. Edenbrook Capital LLC now owns 764,359 shares of the company’s stock valued at $8,064,000 after acquiring an additional 625,338 shares during the period. Finally, Divisar Capital Management LLC bought a new stake in Tufin Software Technologies in the third quarter valued at $3,835,000. Hedge funds and other institutional investors own 45.98% of the company’s stock.

Shares of TUFN stock opened at $12.90 on Friday. Tufin Software Technologies has a 12 month low of $7.50 and a 12 month high of $13.50. The firm has a market cap of $474.33 million, a PE ratio of -12.90 and a beta of 1.61. The stock has a 50 day moving average of $9.40 and a 200-day moving average of $9.45.

Tufin Software Technologies (NYSE:TUFNGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.06. Tufin Software Technologies had a negative return on equity of 62.67% and a negative net margin of 33.28%. The company had revenue of $35.84 million during the quarter, compared to analyst estimates of $34.38 million. During the same period in the previous year, the company earned ($0.12) earnings per share. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities analysts expect that Tufin Software Technologies will post -1.18 EPS for the current fiscal year.

Tufin Software Technologies Company Profile (Get Rating)

Tufin Software Technologies Ltd., together with its subsidiaries, develops, markets, and sells software-based solutions primarily in the United States, Israel, Europe, the Middle East, and Africa, Germany, the Asia Pacific, and internationally. The company provides SecureTrack, which enables security administrators to define and manage a centralized security policy, minimize the attack surface, and ensure continuous compliance across the network; SecureChange that is used to assess, provision, and verify security configuration changes across physical networks and cloud platforms, while maintaining security and compliance; and SecureApp, which is used to define, manage, and monitor network connectivity for their applications.

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