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

Shares of Thoughtworks Holding, Inc. (NASDAQ:TWKS) have received an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $4.58.

Several analysts recently commented on TWKS shares. Citigroup dropped their price target on shares of Thoughtworks from $2.75 to $2.50 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada cut their price target on Thoughtworks from $6.00 to $5.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. William Blair reaffirmed a “market perform” rating on shares of Thoughtworks in a report on Wednesday, February 28th. Piper Sandler dropped their price objective on Thoughtworks from $5.00 to $3.40 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. Finally, Robert W. Baird raised 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.

Thoughtworks Stock Performance

Shares of TWKS stock opened at $2.36 on Tuesday. The stock has a market cap of $761.88 million, a PE ratio of -10.73 and a beta of 0.99. Thoughtworks has a 52-week low of $2.19 and a 52-week high of $8.41. The business has a 50-day simple moving average of $2.69 and a 200-day simple moving average of $3.73. 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 (NASDAQ:TWKS) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.04) EPS for the quarter. The company had revenue of $252.39 million during the quarter, compared to analysts’ expectations of $268.34 million. Thoughtworks had a negative return on equity of 2.46% and a negative net margin of 6.09%. On average, equities analysts expect that Thoughtworks will post -0.04 EPS for the current year.

Institutional Trading of Thoughtworks

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in Thoughtworks during the 3rd quarter worth $41,000. Jump Financial LLC acquired a new position in Thoughtworks during the third quarter worth about $45,000. Envestnet Portfolio Solutions Inc. purchased a new stake in Thoughtworks during the 3rd quarter valued at about $49,000. SG Americas Securities LLC acquired a new stake in Thoughtworks in the 3rd quarter valued at about $56,000. Finally, MQS Management LLC purchased a new position in Thoughtworks in the 3rd quarter worth approximately $64,000. 32.81% of the stock is currently owned by hedge funds and other institutional investors.

Thoughtworks Company Profile

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.