TOday’s Movers: Carbonite (NASDAQ:CARB) Stock Rating Reconfirmed by Analysts at Barclays; $38 Target Price Indicates 1.20 % Potential

July 12, 2018 - By Harriett Tippett

Carbonite, Inc. (NASDAQ:CARB) Logo

Investors sentiment increased to 1.09 in 2018 Q1. Its up 0.01, from 1.08 in 2017Q4. It increased, as 16 investors sold Carbonite, Inc. shares while 48 reduced holdings. 26 funds opened positions while 44 raised stakes. 23.98 million shares or 3.81% less from 24.93 million shares in 2017Q4 were reported.

Mackay Shields Lc owns 49,600 shares for 0.01% of their portfolio. Parametric Port Assoc Ltd Llc reported 0% stake. Jp Marvel Ltd Liability Company invested 1.85% in Carbonite, Inc. (NASDAQ:CARB). Art Advsrs Lc owns 8,236 shares for 0.01% of their portfolio. Koch invested 0.02% of its portfolio in Carbonite, Inc. (NASDAQ:CARB). Schwab Charles Invest accumulated 115,371 shares. Aqr Capital Ltd Liability holds 0% of its portfolio in Carbonite, Inc. (NASDAQ:CARB) for 19,121 shares. Cadence Cap Management Ltd Liability Corp stated it has 97,405 shares. Meeder Asset Management has 0% invested in Carbonite, Inc. (NASDAQ:CARB). State Street Corporation reported 479,908 shares. Fortaleza Asset Mgmt invested in 1.17% or 6,665 shares. Arrowstreet Partnership has 0% invested in Carbonite, Inc. (NASDAQ:CARB). 12,923 are held by Oppenheimer And. Ami Asset Mngmt holds 416,444 shares or 0.86% of its portfolio. G2 Partners Lc invested in 127,119 shares or 1.44% of the stock.

Since February 2, 2018, it had 0 insider buys, and 20 insider sales for $2.96 million activity. $46,269 worth of Carbonite, Inc. (NASDAQ:CARB) was sold by Mohan Deepak on Thursday, February 22. 1,485 Carbonite, Inc. (NASDAQ:CARB) shares with value of $46,109 were sold by Mellinger Paul S.. $426,917 worth of Carbonite, Inc. (NASDAQ:CARB) shares were sold by Guadagno Norman. SHEER DANIELLE had sold 325 shares worth $12,756 on Tuesday, June 12. FOLGER ANTHONY had sold 2,458 shares worth $58,255. Levinson Marina sold $152,929 worth of stock.

Carbonite (NASDAQ:CARB) Rating Reaffirmed

They currently have a $38 TP on Carbonite (NASDAQ:CARB). The target price by Barclays would suggest a potential upside of 1.20 % from the company’s previous stock close. This has been revealed to investors in a note on 12 July.

Carbonite, Inc. (NASDAQ:CARB) Ratings Coverage

Among 6 analysts covering Carbonite Inc (NASDAQ:CARB), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Carbonite Inc has $42 highest and $27.0 lowest target. $35.67’s average target is -5.01% below currents $37.55 stock price. Carbonite Inc had 7 analyst reports since February 12, 2018 according to SRatingsIntel. The stock of Carbonite, Inc. (NASDAQ:CARB) has “Buy” rating given on Tuesday, May 8 by FBR Capital. The firm has “Hold” rating given on Wednesday, February 14 by Northland Capital. Craig Hallum maintained the stock with “Buy” rating in Tuesday, May 8 report. The rating was maintained by Oppenheimer on Tuesday, May 8 with “Outperform”. JMP Securities maintained Carbonite, Inc. (NASDAQ:CARB) rating on Friday, April 27. JMP Securities has “Market Outperform” rating and $36 target.

The stock increased 1.90% or $0.7 during the last trading session, reaching $37.55. About 24,832 shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 92.47% since July 12, 2017 and is uptrending. It has outperformed by 79.90% the S&P500.

Analysts await Carbonite, Inc. (NASDAQ:CARB) to report earnings on August, 2. They expect $0.24 EPS, up 500.00 % or $0.20 from last year’s $0.04 per share. CARB’s profit will be $6.86 million for 39.11 P/E if the $0.24 EPS becomes a reality. After $0.17 actual EPS reported by Carbonite, Inc. for the previous quarter, Wall Street now forecasts 41.18 % EPS growth.

Carbonite, Inc., together with its subsidiaries, provides cloud backup and restore solutions to small and medium sized businesses, and clients in the United States. The company has market cap of $1.07 billion. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving. It has a 3129.17 P/E ratio. The companyÂ’s solutions include Carbonite Computer Backup, which automatically back up files directly to the cloud and include various devices; and Carbonite Server Backup that provides cloud and hybrid backup for physical and virtual servers with advanced management capabilities comprising scheduling, retention, bandwidth and compression settings, and detailed monitoring and reporting through personalized server dashboard.

Another recent and important Carbonite, Inc. (NASDAQ:CARB) news was published by Seekingalpha.com which published an article titled: “Gilead Sciences Is Too Cheap To Ignore – Cramer’s Lightning Round (6/22/18)” on June 25, 2018.

Carbonite, Inc. (NASDAQ:CARB) Institutional Positions Chart

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