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

Thoughtworks Holding, Inc. (NASDAQ:TWKSGet Free Report) has been assigned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $5.08.

A number of research analysts have weighed in on the stock. 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 research report on Tuesday, February 27th. Citigroup boosted their target price on shares of Thoughtworks from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. William Blair reiterated a “market perform” rating on shares of Thoughtworks in a research note on Wednesday, February 28th. Robert W. Baird upgraded shares of Thoughtworks from a “neutral” rating to an “outperform” rating and set a $6.00 target price for the company in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada reduced their target price on shares of Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th.

Get Our Latest Stock Analysis on Thoughtworks

Thoughtworks Stock Performance

Thoughtworks stock opened at $2.53 on Friday. The company’s fifty day simple moving average is $3.68 and its 200-day simple moving average is $4.02. The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 0.37. Thoughtworks has a 12 month low of $2.26 and a 12 month high of $8.41. The stock has a market cap of $816.51 million, a P/E ratio of -11.50 and a beta of 1.03.

Thoughtworks (NASDAQ:TWKSGet Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.04) earnings per share (EPS) for the quarter. Thoughtworks had a negative net margin of 6.09% and a negative return on equity of 2.46%. The business had revenue of $252.39 million during the quarter, compared to analyst estimates of $268.34 million. As a group, sell-side analysts forecast that Thoughtworks will post -0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Thoughtworks by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 11,333,636 shares of the company’s stock valued at $54,515,000 after purchasing an additional 273,708 shares during the last quarter. Mubadala Investment Co PJSC bought a new position in Thoughtworks in the fourth quarter valued at approximately $37,411,000. Goldman Sachs Group Inc. boosted its stake in Thoughtworks by 23.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 709,937 shares of the company’s stock valued at $3,415,000 after acquiring an additional 135,833 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Thoughtworks during the fourth quarter worth $330,000. Finally, Barclays PLC boosted its position in shares of Thoughtworks by 336.2% during the fourth quarter. Barclays PLC now owns 145,886 shares of the company’s stock worth $702,000 after purchasing an additional 112,441 shares in the last quarter. Institutional investors and hedge funds own 32.81% of the company’s stock.

Thoughtworks Company Profile

(Get Free Report

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.

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Analyst Recommendations for Thoughtworks (NASDAQ:TWKS)

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