In a report released today, Timothy Piper from UBS upgraded Redbubble Ltd. (RDBBF – Research Report) to a Buy, with a price target of AUD1.60. The company’s shares closed yesterday at $0.89.
According to TipRanks, Piper is an analyst with an average return of -37.0% and a 0.00% success rate. Piper covers the Consumer Goods sector, focusing on stocks such as Kogan.com Ltd., G.U.D. Holdings, and Redbubble Ltd..
Redbubble Ltd. has an analyst consensus of Moderate Buy, with a price target consensus of $0.96.
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The company has a one-year high of $3.48 and a one-year low of $0.53. Currently, Redbubble Ltd. has an average volume of 5,847.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RDBBF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Redbubble Ltd. engages in the development and provision of online marketplace, where artists upload their designs and creative works. It offers apparel, accessories, house ware, calendars, canvass prints, drawstring bags, duvet covers, framed prints, greeting cards, hardcover journals, laptop sleeves, photographic prints, posters, studio pouches, scarves, spiral notebooks, stickers, throw pillows, and bags designed by artists. The company was founded by Martin Hosking, Paul Vanzella and Peter Styles on April 10, 2006 and is headquartered in Melbourne, Australia.
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