Accolade, Inc. (NASDAQ:ACCD – Get Free Report) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 1,560,000 shares, a drop of 22.0% from the February 13th total of 2,000,000 shares. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is currently 0.8 days. Approximately 2.1% of the company’s stock are short sold.
Accolade Stock Performance
Shares of ACCD opened at $6.98 on Monday. Accolade has a 52-week low of $3.08 and a 52-week high of $10.68. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $572.31 million, a PE ratio of -3.10 and a beta of 2.18. The firm has a 50-day moving average price of $6.77 and a 200 day moving average price of $4.77.
Accolade (NASDAQ:ACCD – Get Free Report) last released its quarterly earnings data on Friday, January 10th. The company reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.01. Accolade had a negative return on equity of 20.74% and a negative net margin of 40.36%. On average, sell-side analysts anticipate that Accolade will post -1.2 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Accolade
Analysts Set New Price Targets
A number of equities analysts have weighed in on ACCD shares. Morgan Stanley decreased their price objective on shares of Accolade from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Canaccord Genuity Group restated a “hold” rating on shares of Accolade in a research note on Wednesday, January 8th. William Blair lowered Accolade from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial downgraded shares of Accolade from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Accolade in a report on Wednesday, January 8th. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.51.
View Our Latest Stock Report on Accolade
Accolade Company Profile
Accolade, Inc, together with its subsidiaries, engages in the development and provision of personalized and technology-enabled solutions that help people to understand, navigate, and utilize the healthcare system and their workplace benefits in the United States. The company offers a platform with cloud-based intelligent technology and multimodal support from a team of advocates and clinicians, including registered nurses, physician medical directors, pharmacists, behavioral health specialists, women’s health specialists, case management specialists, expert medical opinion providers, and primary care physicians.
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