D.A. Davidson analyst Gil Luria maintained a Hold rating on Manhattan Associates (MANH – Research Report) today and set a price target of $190.00. The company’s shares closed last Friday at $221.86.
Luria covers the Technology sector, focusing on stocks such as AppFolio, Procore Technologies, and Braze. According to TipRanks, Luria has an average return of 12.5% and a 65.08% success rate on recommended stocks.
Currently, the analyst consensus on Manhattan Associates is a Moderate Buy with an average price target of $217.20.
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Based on Manhattan Associates’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $238.44 million and a net profit of $49.42 million. In comparison, last year the company earned a revenue of $198.1 million and had a net profit of $29.67 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MANH in relation to earlier this year.
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Manhattan Associates (MANH) Company Description:
Manhattan Associates, Inc. engages in designing, building and delivering supply chain commerce solutions by converging front-end sales with back-end supply chain. It operates through the following geographical segment: The Americas; Europe, Middle East, and Africa; and Asia Pacific. The company was founded by Deepak Raghavan in October 1990 and is headquartered in Atlanta, GA.
Read More on MANH:
- Manhattan Associates price target raised to $245 from $230 at Loop Capital
- Manhattan Associates CLO Richards sells 4,535 common shares
- Manhattan Associates management to meet virtually with Loop Capital
- Loop Capital retail/hardlines analysts hold an analyst/industry conference call
- Loop Capital retail analysts to hold an analyst/industry conference call
