Needham analyst Ryan MacDonald reiterated a Buy rating on Barnes & Noble Education (BNED – Research Report) today and set a price target of $4.00. The company’s shares opened today at $1.91.
According to TipRanks, MacDonald is a 5-star analyst with an average return of 13.1% and a 50.15% success rate. MacDonald covers the Technology sector, focusing on stocks such as 2U, Accolade, and Duolingo.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Barnes & Noble Education with a $4.00 average price target.
See Insiders’ Hot Stocks on TipRanks >>
Based on Barnes & Noble Education’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $260.83 million and a GAAP net loss of $10.24 million. In comparison, last year the company earned a revenue of $222.78 million and had a GAAP net loss of $44.36 million
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.
Barnes and Noble Education, Inc. engages in the management and operation of bookstore chains in universities. It operates through the following segments: Retail, Wholesale, and Digital Student Solutions (DSS). The Retail segment operates physical and virtual campus bookstores. The Wholesale segment sells hardware and software that provides inventory management and point-of-sale solutions to college bookstores. The DSS segment includes direct-to-student product and service offerings to assist students to study more effectively and improve academic performance. The company was founded by Leonard Riggio in 1965 and is headquartered in Basking Ridge, NJ.
Read More on BNED:
