C3.ai, Inc. (NYSE:AI) Receives Average Rating of “Hold” from Brokerages

C3.ai, Inc. (NYSE:AIGet Free Report) has been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $31.30.

AI has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a research report on Thursday, May 30th. Northland Capmk upgraded C3.ai from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 30th. Piper Sandler cut their price target on C3.ai from $33.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. Canaccord Genuity Group cut their price target on C3.ai from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Finally, Wedbush reissued an “outperform” rating and set a $40.00 price target on shares of C3.ai in a research note on Wednesday, May 29th.

Check Out Our Latest Research Report on AI

C3.ai Stock Performance

Shares of NYSE AI opened at $30.49 on Friday. C3.ai has a 52 week low of $20.23 and a 52 week high of $48.87. The stock has a market capitalization of $3.72 billion, a P/E ratio of -13.03 and a beta of 1.85. The stock’s fifty day moving average is $25.16 and its 200 day moving average is $27.23.

Hedge Funds Weigh In On C3.ai

Several institutional investors have recently added to or reduced their stakes in AI. DekaBank Deutsche Girozentrale acquired a new position in C3.ai in the third quarter valued at approximately $25,000. B. Riley Asset Management LLC bought a new stake in shares of C3.ai during the third quarter valued at approximately $26,000. Orion Capital Management LLC bought a new stake in shares of C3.ai during the third quarter valued at approximately $26,000. Toth Financial Advisory Corp increased its holdings in shares of C3.ai by 900.0% during the first quarter. Toth Financial Advisory Corp now owns 1,000 shares of the company’s stock valued at $27,000 after acquiring an additional 900 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in shares of C3.ai during the fourth quarter valued at approximately $29,000. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Company Profile

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C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.

Further Reading

Analyst Recommendations for C3.ai (NYSE:AI)

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