C3.ai, Inc. (NYSE:AI) Receives Consensus Recommendation of “Hold” from Analysts

C3.ai, Inc. (NYSE:AIGet Free Report) has earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $29.91.

A number of equities analysts recently commented on AI shares. Canaccord Genuity Group increased their price objective on C3.ai from $27.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, February 29th. Wedbush dropped their price objective on C3.ai from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Piper Sandler increased their price objective on C3.ai from $27.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Bank of America increased their price objective on C3.ai from $18.00 to $20.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Finally, DA Davidson dropped their price objective on C3.ai from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, December 7th.

View Our Latest Stock Analysis on AI

C3.ai Price Performance

NYSE AI opened at $27.82 on Friday. The company has a 50 day simple moving average of $28.17 and a 200-day simple moving average of $27.69. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -11.94 and a beta of 1.77. C3.ai has a 52-week low of $16.79 and a 52-week high of $48.87.

C3.ai (NYSE:AIGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.60) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.13. C3.ai had a negative net margin of 95.21% and a negative return on equity of 29.60%. The business had revenue of $78.40 million during the quarter, compared to analyst estimates of $75.92 million. On average, analysts predict that C3.ai will post -2.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in C3.ai by 8,111.1% in the second quarter. Farther Finance Advisors LLC now owns 739 shares of the company’s stock worth $27,000 after purchasing an additional 730 shares during the period. Russell Investments Group Ltd. bought a new position in C3.ai in the first quarter worth $25,000. Tyler Stone Wealth Management bought a new position in shares of C3.ai during the second quarter valued at $30,000. C M Bidwell & Associates Ltd. bought a new position in shares of C3.ai during the second quarter valued at $33,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of C3.ai during the third quarter valued at $25,000. 38.96% of the stock is owned by institutional investors.

C3.ai Company Profile

(Get Free Report

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.

See Also

Analyst Recommendations for C3.ai (NYSE:AI)

Receive News & Ratings for C3.ai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for C3.ai and related companies with MarketBeat.com's FREE daily email newsletter.