Needham analyst Ryan MacDonald reiterated a Buy rating on Barnes & Noble Education (BNED – Research Report) today and set a price target of $4.00. The company’s shares closed last Wednesday at $2.87, close to its 52-week low of $2.00.
According to TipRanks.com, MacDonald is a 5-star analyst with an average return of 12.2% and a 47.7% success rate. MacDonald covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Momentive Global, and Verint Systems.
Barnes & Noble Education has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.
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The company has a one-year high of $12.01 and a one-year low of $2.00. Currently, Barnes & Noble Education has an average volume of 944K.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BNED in relation to earlier this year.
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Barnes and Noble Education, Inc. engages in the management and operation of bookstore chains in universities. It operates through the following segments: Retail, Wholesale, and Digital Student Solutions (DSS). The Retail segment operates physical and virtual campus bookstores. The Wholesale segment sells hardware and software that provides inventory management and point-of-sale solutions to college bookstores. The DSS segment includes direct-to-student product and service offerings to assist students to study more effectively and improve academic performance. The company was founded by Leonard Riggio in 1965 and is headquartered in Basking Ridge, NJ.
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