Sage Group (OTCMKTS:SGPYY) Stock Rating Lowered by Zacks Research

Key Points

• The Sage Group has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research.
• Despite the downgrade, the stock has an average rating of "Moderate Buy" from various analysts, with two firms still recommending a Buy.
• Sage Group shares opened at $59.88, with a 12-month price range between $49.22 and $69.79.

Zacks Research lowered shares of Sage Group (OTCMKTS:SGPYY - Free Report) from a strong-buy rating to a hold rating in a research report report published on Tuesday, August 19th,Zacks.com reports.

SGPYY has been the topic of several other research reports. Oddo Bhf began coverage on shares of Sage Group in a research note on Thursday, July 10th. They issued an "outperform" rating on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of Sage Group in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Sage Group Stock Down 0.9%

Shares of OTCMKTS SGPYY traded down $0.51 during mid-day trading on Tuesday, hitting $58.52. The company's stock had a trading volume of 21,533 shares, compared to its average volume of 39,219. Sage Group has a one year low of $49.22 and a one year high of $69.79. The company's fifty day simple moving average is $65.21 and its 200-day simple moving average is $64.69.

Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.