Absolute Software - ABST Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
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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.

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.

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.

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.

Absolute Software trades on the NASDAQ under the ticker symbol "ABST."

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%).
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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.
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One share of ABST stock can currently be purchased for approximately $7.55.

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.

The company employs 2,021 workers across the globe.

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.