Investment analysts at StockNews.com assumed coverage on shares of Avid Technology (NASDAQ:AVID – Get Rating) in a research report issued on Thursday. The brokerage set a “buy” rating on the technology company’s stock.
Several other research analysts also recently commented on the company. Truist Financial initiated coverage on Avid Technology in a report on Monday, March 6th. They issued a “buy” rating and a $45.00 price objective on the stock. Maxim Group reiterated a “buy” rating and issued a $38.00 price objective on shares of Avid Technology in a report on Friday, March 3rd. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $28.00 price objective on shares of Avid Technology in a report on Friday, March 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.83.
Avid Technology Stock Down 2.0 %
NASDAQ AVID opened at $28.69 on Thursday. The stock’s 50-day simple moving average is $29.71 and its two-hundred day simple moving average is $27.17. Avid Technology has a twelve month low of $20.83 and a twelve month high of $37.31. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 23.33 and a beta of 1.23.
Institutional Trading of Avid Technology
About Avid Technology
Avid Technology, Inc engages in the provision of technology services for the media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.
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