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Principale » Nationwide Fund Advisors Has $221000 Position in Carbonite, Inc. (NASDAQ:CARB)

Nationwide Fund Advisors Has $221000 Position in Carbonite, Inc. (NASDAQ:CARB)

11 Juillet 2017

Analysts forecast that Carbonite will post $0.77 earnings per share for the current fiscal year. The stock now has an average rating of "Buy" and a consensus price target of $24.83.

CARB has been the subject of a number of research reports. Zacks Investment Research's sales calculations are an average based on a survey of research analysts that that provide coverage for Carbonite.

Carbonite (NASDAQ:CARB) last announced its quarterly earnings data on Thursday, May 4th. The technology company reported $0.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.07 by $0.02. The firm had revenue of $57.10 million during the quarter, compared to analysts' expectations of $55.49 million. Carbonite had a return on equity of 200.32% and a net margin of 3.79%. Carbonite's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period a year ago, the firm posted $0.15 EPS. BidaskClub cut shares of Carbonite from a "buy" rating to a "hold" rating in a research note on Thursday. They released an equal weight recommendation and a $26.00 price objective on the company shares. Craig Hallum initiated coverage on shares of Carbonite in a research note on Thursday, March 16th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. They issued a "buy" rating and a $30.00 price target on the stock.

Carbonite (NASDAQ CARB) traded up 5.33% on Monday, reaching $21.75. Nokomis Capital Llc sold 1.03 million shares as the company's stock declined 1.53% while stock markets rallied. The stock has a market cap of $642.63 million, a PE ratio of 77.658 and a beta of 0.23. Carbonite, Inc. has a 52-week low of $9.30 and a 52-week high of $24.60. The firm has a 50-day moving average of $20.76 and a 200 day moving average of $19.35.

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In other news, SVP Paul S. Mellinger sold 7,500 shares of Carbonite stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $19.70, for a total transaction of $460,093.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony Folger sold 23,355 shares of the firm's stock in a transaction dated Thursday, June 8th. The stock was unloaded at a price range of of $21.76, amounting $47,589.12. The disclosure for this sale can be found here. The hedge fund run by Ron Bobman held 765,366 shares of the finance company at the end of 2016Q4, valued at $8.19M, up from 608,827 at the end of the previous reported quarter. Bainco International Investors owns 1.46 million shares or 4.07% of their USA portfolio. Legal & General Group Plc increased its position in Carbonite by 5.5% in the first quarter. Stifel Financial Corp bought a new position in Carbonite during the first quarter worth $251,000. Legal & General Group Plc now owns 5,050 shares of the technology company's stock worth $101,000 after buying an additional 265 shares in the last quarter.

Nationwide Fund Advisors reduced its stake in shares of Carbonite, Inc. American International Group Inc. increased its position in shares of Carbonite by 7.1% in the first quarter. Federated Investors Inc. PA now owns 79,620 shares of the technology company's stock worth $1,306,000 after buying an additional 61,292 shares during the last quarter. Allianz Asset Management AG boosted its position in shares of Carbonite by 95.2% in the fourth quarter. Alliancebernstein L.P. now owns 12,850 shares of the technology company's stock worth $261,000 after buying an additional 600 shares in the last quarter.

Another recent and important Carbonite Inc (NASDAQ:CARB) news was published by Zacks.com which published an article titled: "Carbonite (CARB) Catches Eye: Stock Adds 8.3% in Session" on June 20, 2017.