Positive News Sentiment NASDAQ:ABST Absolute Software - ABST Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Absolute Software Co. Please log in to your account or sign up in order to add this asset to your watchlist. $7.55 -0.12 (-1.56%) (As of 03/24/2023 08:50 PM ET) Add Compare Share Share Today's Range$7.50▼$7.6750-Day Range$7.49▼$11.9652-Week Range$6.79▼$12.59Volume35,800 shsAverage Volume85,254 shsMarket Capitalization$398.49 millionP/E RatioN/ADividend Yield3.18%Price Target$15.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Absolute Software MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside105.3% Upside$15.50 Price TargetShort InterestBearish2.46% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.61Based on 7 Articles This WeekInsider TradingAcquiring Shares$94,541 Bought Last QuarterProj. Earnings Growth233.33%From $0.15 to $0.50 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.77 out of 5 starsComputer And Technology Sector84th out of 614 stocksPrivate Households Industry1st out of 5 stocks 3.5 Analyst's Opinion Consensus RatingAbsolute Software has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.50, Absolute Software has a forecasted upside of 105.3% from its current price of $7.55.Amount of Analyst CoverageAbsolute Software has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.46% of the outstanding shares of Absolute Software have been sold short.Short Interest Ratio / Days to CoverAbsolute Software has a short interest ratio ("days to cover") of 16.4, which indicates bearish sentiment.Change versus previous monthShort interest in Absolute Software has recently decreased by 0.76%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldAbsolute Software pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAbsolute Software does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Absolute Software will have a dividend payout ratio of 48.00% next year. This indicates that Absolute Software will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ABST. Previous Next 3.7 News and Social Media Coverage News SentimentAbsolute Software has a news sentiment score of 1.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Absolute Software this week, compared to 0 articles on an average week.MarketBeat Follows1 people have added Absolute Software to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Absolute Software insiders have bought more of their company's stock than they have sold. Specifically, they have bought $94,541.00 in company stock and sold $0.00 in company stock.Percentage Held by Institutions75.78% of the stock of Absolute Software is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Absolute Software are expected to grow by 233.33% in the coming year, from $0.15 to $0.50 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Absolute Software is -13.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Absolute Software is -13.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Previous Next See Top Rated MarketRank™ Stocks Here About Absolute Software (NASDAQ:ABST) StockAbsolute Software Corp. engages in the provision of cloud-based service that supports the management and security of computing devices, applications, and data for a variety of organizations. Its solutions includes education, financial services, general date protection regulations (GDPR) compliance, government, healthcare, professional services, and technology solutions such as Absolute for Android, and Absolute for Chromebook. The company was founded on November 24, 1993 and is headquartered in Vancouver, Canada.Read More Receive ABST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Absolute Software and its competitors with MarketBeat's FREE daily newsletter. Email Address ABST Stock News HeadlinesMarch 25, 2023 | americanbankingnews.comEdenbrook Capital, Llc Acquires 10,000 Shares of Absolute Software Co. (NASDAQ:ABST) StockMarch 20, 2023 | finance.yahoo.comAbsolute Software Named Gold Winner in 2023 Cybersecurity Excellence AwardsMarch 27, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastMarch 9, 2023 | finance.yahoo.comAbsolute Software Expands Application Resilience Ecosystem with Latest Product UpdateFebruary 14, 2023 | finance.yahoo.comIIROC Trading Halt - ABSTFebruary 14, 2023 | msn.comAbsolute Software Non-GAAP EPS of $0.05 misses by $0.05, revenue of $57.7M misses by $1.64MFebruary 9, 2023 | fool.caAbsolute Software Stock: A Dividend-Payer With a Bright FutureJanuary 30, 2023 | fool.ca4 TSX Stocks That Could Triple in 2023March 27, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. 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December 6, 2022 | technews.tmcnet.comOmdia Identifies Absolute Software as Endpoint Security 'Vendor to Watch'December 6, 2022 | finance.yahoo.comOmdia Identifies Absolute Software as Endpoint Security ‘Vendor to Watch’December 1, 2022 | finance.yahoo.comThe CEO Of Absolute Software Corporation (TSE:ABST) Might See A Pay Rise On The HorizonNovember 12, 2022 | seekingalpha.comAbsolute Software Corporation (ABST) Q1 2023 Earnings Call TranscriptNovember 9, 2022 | nasdaq.comAbsolute Software Slides 15% On Wider Q1 LossNovember 7, 2022 | msn.comEarnings Preview: Absolute SoftwareNovember 7, 2022 | msn.comAbsolute Software's Earnings: A PreviewOctober 13, 2022 | finance.yahoo.comAbsolute Software to Report First Quarter Fiscal 2023 Financial Results on November 8, 2022October 4, 2022 | seekingalpha.comAbsolute Software: Rising Star In The $240.27 Billion Cybersecurity IndustrySeptember 15, 2022 | finance.yahoo.comInvesting in Absolute Software (TSE:ABST) five years ago would have delivered you a 121% gainAugust 24, 2022 | finance.yahoo.comEdited Transcript of ABST.TO earnings conference call or presentation 23-Aug-22 9:00pm GMTAugust 22, 2022 | msn.comAbsolute Software Earnings PreviewAugust 5, 2022 | finance.yahoo.comAbsolute Software Named a Leader in the Summer G2 Grid Report for Endpoint Management for Tenth Consecutive QuarterJuly 11, 2022 | finance.yahoo.comAbsolute Software Adds Ivanti Neurons to Application Persistence EcosystemJune 7, 2022 | finance.yahoo.comAbsolute Software Named Winner of Two Global InfoSec Awards During RSA Conference 2022June 6, 2022 | finance.yahoo.comAbsolute Software Announces New Partnerships with Leading ISVs Leveraging Absolute Application Persistence-as-a-ServiceJune 1, 2022 | finance.yahoo.comNew Insights from Absolute Software Reveal Increased Risk Exposure amid Continued Adoption of Work-from-AnywhereMay 3, 2022 | finance.yahoo.comAbsolute Software to Present at 17th Annual Needham Technology & Media ConferenceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive ABST Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Absolute Software and its competitors with MarketBeat's FREE daily newsletter. Email Address ABST Company Calendar Ex-Dividend for 2/23 Dividend2/08/2023Last Earnings2/14/2023Dividend Payable2/23/2023Today3/26/2023Next Earnings (Estimated)5/09/2023Fiscal Year End6/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Private households Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:ABST CUSIPN/A CIK1071058 Webwww.absolute.com Phone(604) 730-9851Fax604-730-2621Employees2,021Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.50 High Stock Price Forecast$17.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+105.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.54) Trailing P/E RatioN/A Forward P/E Ratio50.33 P/E GrowthN/ANet Income$-24,490,000.00 Net Margins-13.14% Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$197.31 million Price / Sales2.02 Cash Flow$0.52 per share Price / Cash Flow14.43 Book ValueN/A Price / BookN/AMiscellaneous Outstanding Shares52,780,000Free FloatN/AMarket Cap$398.49 million OptionableNot Optionable Beta0.65 Key ExecutivesChristy WyattPresident, Chief Executive Officer & DirectorJames M. LejealChief Financial OfficerNicko van SomerenChief Technology OfficerWilliam MorrisExecutive Vice President-EngineeringMark GraceChief Revenue OfficerKey CompetitorsMagnachip SemiconductorNYSE:MXMitek SystemsNASDAQ:MITKDomoNASDAQ:DOMOAviat NetworksNASDAQ:AVNWBel FuseNASDAQ:BELFAView All CompetitorsInsiders & InstitutionsEdenbrook Capital, LlcBought 2,562 shares on 3/24/2023Total: $19,240.62 ($7.51/share)Edenbrook Capital, LlcBought 10,000 shares on 3/22/2023Total: $75,300.00 ($7.53/share)Parallax Volatility Advisers L.P.Bought 300,000 shares on 2/27/2023Ownership: 0.000%Triasima Portfolio Management inc.Bought 1,082,802 shares on 2/21/2023Ownership: 2.053%Alliancebernstein L.P.Bought 246,378 shares on 2/16/2023Ownership: 0.467%View All Insider TransactionsView All Institutional Transactions ABST Stock - Frequently Asked Questions Should I buy or sell Absolute Software stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Absolute Software in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ABST shares. View ABST analyst ratings or view top-rated stocks. What is Absolute Software's stock price forecast for 2023? 2 analysts have issued twelve-month price objectives for Absolute Software's shares. Their ABST share price forecasts range from $14.00 to $17.00. On average, they predict the company's share price to reach $15.50 in the next year. This suggests a possible upside of 105.3% from the stock's current price. View analysts price targets for ABST or view top-rated stocks among Wall Street analysts. How have ABST shares performed in 2023? Absolute Software's stock was trading at $10.44 on January 1st, 2023. Since then, ABST shares have decreased by 27.7% and is now trading at $7.55. View the best growth stocks for 2023 here. When is Absolute Software's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023. View our ABST earnings forecast. How were Absolute Software's earnings last quarter? Absolute Software Co. (NASDAQ:ABST) issued its earnings results on Tuesday, February, 14th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.22. The business had revenue of $57.19 million for the quarter, compared to analysts' expectations of $59.90 million. How often does Absolute Software pay dividends? What is the dividend yield for Absolute Software? Absolute Software declared a quarterly dividend on Wednesday, January 18th. Shareholders of record on Thursday, February 9th will be paid a dividend of $0.059 per share on Thursday, February 23rd. This represents a $0.24 annualized dividend and a yield of 3.13%. The ex-dividend date is Wednesday, February 8th. Read our dividend analysis for ABST. Is Absolute Software a good dividend stock? Absolute Software (NASDAQ:ABST) pays an annual dividend of $0.24 per share and currently has a dividend yield of 3.13%. Read our dividend analysis for ABST. What guidance has Absolute Software issued on next quarter's earnings? Absolute Software issued an update on its FY 2023 earnings guidance on Tuesday, February, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $231.00 million-$235.00 million, compared to the consensus revenue estimate of $241.96 million. What is Absolute Software's stock symbol? Absolute Software trades on the NASDAQ under the ticker symbol "ABST." Who are Absolute Software's major shareholders? Absolute Software's stock is owned by a number of retail and institutional investors. Top institutional investors include Lynrock Lake LP (11.13%), Connor Clark & Lunn Investment Management Ltd. (7.88%), Legal & General Group Plc (4.30%), Bank of America Corp DE (2.30%), Parallax Volatility Advisers L.P. (0.00%) and Triasima Portfolio Management inc. (2.05%). View institutional ownership trends. How do I buy shares of Absolute Software? Shares of ABST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Absolute Software's stock price today? One share of ABST stock can currently be purchased for approximately $7.55. How much money does Absolute Software make? Absolute Software (NASDAQ:ABST) has a market capitalization of $398.49 million and generates $197.31 million in revenue each year. The company earns $-24,490,000.00 in net income (profit) each year or ($0.54) on an earnings per share basis. How many employees does Absolute Software have? The company employs 2,021 workers across the globe. How can I contact Absolute Software? Absolute Software's mailing address is 1055 Dunsmuir Street Four Bentall Centre Suite 1400 PO Box 49211, Vancouver A1, 49211. The official website for the company is www.absolute.com. The company can be reached via phone at (604) 730-9851, via email at joohunkim@mkrir.com, or via fax at 604-730-2621. This page (NASDAQ:ABST) was last updated on 3/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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