Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 25,146 shares, an increase of 218.9% from the March 15th total of 7,886 shares. Based on an average daily trading volume, of 149,987 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
Analyst Upgrades and Downgrades
SGPYY has been the subject of several analyst reports. Zacks Research downgraded Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. UBS Group raised shares of Sage Group from a “hold” rating to a “buy” rating in a research note on Monday, January 12th. Finally, Canaccord Genuity Group upgraded shares of Sage Group from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sage Group currently has a consensus rating of “Buy”.
View Our Latest Stock Analysis on Sage Group
Sage Group Price Performance
About Sage Group
Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.
The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.
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