Northland Securities Analysts Begin Coverage on Saba Software (SABA)
Tuesday, June 28, 2021 12:51 PM

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Equities research analysts at Northland Securities initiated coverage on shares of Saba Software (NASDAQ: SABA) in a research note to investors on Tuesday. The analysts set an "outperform" rating and a $14.00 price target on the stock.

Separately, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Saba Software in a research note to investors on Thursday, May 12nd. Also, analysts at Benchmark Co. initiated coverage on shares of Saba Software in a research note to investors on Tuesday, May 3rd. They set a "buy" rating and a $15.00 price target on the stock.

Shares of Saba Software traded up 0.12% during mid-day trading on Wednesday, hitting $8.50. Saba Software has a 52 week low of $4.67 and a 52 week high of $10.62. The stock's 50-day moving average is $9.10 and its 200-day moving average is $8.06. The company has a market cap of $240.5 million.

Saba Software last announced its quarterly results on Thursday, March 24th. The company reported $0.05 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.03 EPS by $0.02. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that Saba Software will post $-0.02 EPS next quarter.

Saba Software, Inc. (Saba) is a provider of people systems, which constitute a class of business-critical software that combines enterprise learning, people management and collaboration technologies. Its solutions are available both on-premise and in the cloud, and are underpinned by global services capabilities consisting of consulting, implementation and education services and worldwide support. Saba People Systems consists of the Saba People Suite and global services capabilities consisting of strategic consulting, implementation and education services, and worldwide support. The Saba People Suite includes products within the Saba Learning Suite, the Saba Performance Suite and the Saba Collaboration Suite. The Saba People Suite is available through both SaaS and on-premise delivery models.

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