Netskope (NASDAQ:NTSK) Stock Price Target Raised at Mizuho

Key Points

• Mizuho raised its Netskope price target from $16 to $19 but maintained a neutral rating; the new target implies 15.06% downside from the prior close.
• Analyst sentiment is more positive overall: MarketBeat reports a Moderate Buy consensus and an average price target of $19.97.
• Netskope reported a quarterly loss of $0.03 per share, beating the $0.26 loss analysts expected, and posted revenue of $220.54 million.

Netskope (NASDAQ:NTSK - Get Free Report) had its price target upped by analysts at Mizuho from $16.00 to $19.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's price objective suggests a potential downside of 15.06% from the company's previous close.

NTSK has been the subject of a number of other reports. Royal Bank Of Canada increased their price target on Netskope from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday. KeyCorp lifted their price objective on shares of Netskope from $16.00 to $17.50 and gave the stock an "overweight" rating in a report on Friday, August 21st. Weiss Ratings reiterated a "sell (e+)" rating on shares of Netskope in a research note on Friday, October 2nd. Zacks Research upgraded shares of Netskope from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 26th. Finally, Deutsche Bank set a $17.00 target price on Netskope in a report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Netskope has a consensus rating of "Moderate Buy" and an average target price of $19.97.

Netskope Stock Performance

Shares of NTSK opened at $22.37 on Thursday. The company has a debt-to-equity ratio of 4.45, a quick ratio of 2.00 and a current ratio of 2.01. The stock has a 50 day moving average price of $19.55 and a two-hundred day moving average price of $13.50. The firm has a market capitalization of $9.14 billion, a P/E ratio of -8.77 and a beta of 2.43. Netskope has a 52 week low of $7.66 and a 52 week high of $26.71.

Netskope (NASDAQ:NTSK - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.23. The company had revenue of $220.54 million for the quarter. Netskope had a negative return on equity of 83.84% and a negative net margin of 91.84%. Netskope has set its FY 2027 guidance at -0.150--0.150 EPS and its Q3 2027 guidance at -0.040--0.030 EPS. Equities analysts forecast that Netskope will post -0.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netskope news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $14.90, for a total transaction of $158,252.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NTSK. Wasatch Advisors LP purchased a new stake in shares of Netskope during the second quarter worth $25,107,000. Weiss Asset Management LP purchased a new position in Netskope during the 1st quarter valued at about $8,957,000. New York Life Insurance Co. bought a new stake in shares of Netskope during the second quarter valued at about $11,325,580. Penn Capital Management Company LLC purchased a new stake in shares of Netskope in the third quarter worth about $16,158,000. Finally, Alberta Investment Management Corp purchased a new stake in shares of Netskope in the third quarter worth about $11,080,000.

About Netskope

Netskope, Inc. provides cybersecurity and networking services that help organizations protect users, data and applications across cloud, web and private-network environments. Its offerings are designed to support distributed workforces and the use of cloud services while applying consistent security policies. The company's Netskope One platform brings together security and networking capabilities, including secure web access, cloud application security, data loss prevention, threat protection and zero-trust network access.

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