Fatpipe Inc/UT (NASDAQ:FATN) Now Covered by Analysts at Roth Capital

Investment analysts at Roth Capital assumed coverage on shares of Fatpipe Inc/UT (NASDAQ:FATN – Get Free Report) in a research report issued to clients and investors on Thursday, Briefing.com reports. The brokerage set a “buy” rating and a $8.00 price target on the stock. Roth Capital’s price target suggests a potential upside of 42.60% from the company’s previous close.

FATN has been the subject of several other reports. Wall Street Zen raised Fatpipe Inc/UT from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fatpipe Inc/UT in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.33.

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Fatpipe Inc/UT Stock Down 1.1%

Shares of NASDAQ:FATN opened at $5.61 on Thursday. The firm has a 50 day simple moving average of $5.73 and a 200 day simple moving average of $4.28. Fatpipe Inc/UT has a 52 week low of $1.31 and a 52 week high of $10.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.79 and a current ratio of 3.98. The company has a market cap of $79.27 million, a PE ratio of 14.38 and a beta of 2.78.

Fatpipe Inc/UT (NASDAQ:FATN – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $5.03 million for the quarter. Fatpipe Inc/UT had a net margin of 26.87% and a return on equity of 28.42%. As a group, research analysts expect that Fatpipe Inc/UT will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Fatpipe Inc/UT

Several institutional investors and hedge funds have recently modified their holdings of the stock. Grandeur Peak Global Advisors LLC acquired a new position in shares of Fatpipe Inc/UT in the second quarter worth $277,000. Renaissance Technologies LLC acquired a new stake in Fatpipe Inc/UT during the fourth quarter valued at $51,000. Allworth Financial LP acquired a new stake in Fatpipe Inc/UT during the second quarter valued at $162,000. Finally, BlackRock Inc. acquired a new stake in Fatpipe Inc/UT during the second quarter valued at $170,000.

Fatpipe Inc/UT Company Profile

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FatPipe is a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. Organizations, large and small, have become increasingly dependent on their information technology (“IT”) network infrastructure for data access and communications, and the critical importance of network reliability, extensibility, and durability has continued to grow as the volume of traffic across those networks expands.

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