Guidewire Software - GWRE Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Guidewire Software in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GWRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GWRE, but not buy additional shares or sell existing shares.
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9 brokerages have issued 1-year price targets for Guidewire Software's stock. Their GWRE share price forecasts range from $55.00 to $100.00. On average, they expect the company's stock price to reach $82.55 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price.
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Guidewire Software's stock was trading at $62.56 on January 1st, 2023. Since then, GWRE stock has increased by 17.1% and is now trading at $73.24.
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Guidewire Software saw a drop in short interest in the month of December. As of December 30th, there was short interest totaling 4,380,000 shares, a drop of 14.8% from the December 15th total of 5,140,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 5.4% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023.
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Guidewire Software, Inc. (NYSE:GWRE) announced its quarterly earnings data on Tuesday, December, 6th. The technology company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.67) by $0.13. The technology company had revenue of $195.28 million for the quarter, compared to the consensus estimate of $190.49 million. Guidewire Software had a negative net margin of 23.57% and a negative trailing twelve-month return on equity of 10.64%.

Guidewire Software issued an update on its second quarter 2023 earnings guidance on Tuesday, December, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $221.00 million-$226.00 million, compared to the consensus revenue estimate of $221.37 million.

44 employees have rated Guidewire Software Chief Executive Officer Mike Rosenbaum on Glassdoor.com. Mike Rosenbaum has an approval rating of 98% among the company's employees. This puts Mike Rosenbaum in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Guidewire Software investors own include NVIDIA (NVDA), Block (SQ), Netflix (NFLX), Micron Technology (MU), Advanced Micro Devices (AMD), Intel (INTC), QUALCOMM (QCOM), Tesla (TSLA), Alibaba Group (BABA) and CVS Health (CVS).

Guidewire Software trades on the New York Stock Exchange (NYSE) under the ticker symbol "GWRE."

Guidewire Software's stock is owned by a variety of institutional and retail investors. Top institutional investors include Stephens Investment Management Group LLC (0.92%), New York State Common Retirement Fund (0.89%), Riverbridge Partners LLC (0.87%), Parnassus Investments LLC (0.44%), Laurus Investment Counsel Inc. (0.15%) and Goodman Advisory Group LLC (0.09%). Insiders that own company stock include Andrew William Fraser Brown, James Winston King, Jeffrey Elliott Cooper, Marcus Ryu, Margaret Dillon, Michael George Rosenbaum, Michael Polelle, Paul Lavin, Priscilla Hung and Steven P Sherry.
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Shares of GWRE 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 GWRE stock can currently be purchased for approximately $73.24.

Guidewire Software (NYSE:GWRE) has a market capitalization of $6.00 billion and generates $812.61 million in revenue each year. The technology company earns $-180,430,000.00 in net income (profit) each year or ($2.38) on an earnings per share basis.

The company employs 3,376 workers across the globe.

Guidewire Software's mailing address is 2850 S. Delaware St. Suite 400, San Mateo CA, 94403. The official website for the company is www.guidewire.com. The technology company can be reached via phone at (650) 357-9100, via email at ir@guidewire.com, or via fax at 650-357-9101.