SciQuest (SQI) : 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on SciQuest (SQI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
SciQuest (SQI) : Average target price received by SciQuest (SQI) is $15.19 with an expected standard deviation of $2.67. The most aggressive target on the stock is $18, whereas the most downbeat target is $12. 4 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week
SciQuest (NASDAQ:SQI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.72 and $17.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.71, notching a gain of 0.06% for the day. The total traded volume was 1,064,048 . The stock had closed at $17.70 on the previous day.
SciQuest, Inc. provides cloud-based business automation solutions for spend management. The Companys offers procurement solutions that automate the source-to-settle process; spend analysis solutions that cleanse and classify spend data to drive and measure cost savings; supplier management solutions that facilitate its customers interactions with their suppliers; contract lifecycle management solutions that automate the contract lifecycle from contract creation through maintenance, and accounts payable solutions that automate the invoice processing and vendor payment processes. The Companys SciQuest Supplier Network is Software-as-a-Service (SaaS) communications hub that enables transaction interactions between its customers and their suppliers through its procurement, accounts payable and supplier management solutions. It is the single integration point between its customers and their suppliers that provides customers with supplier information, including supplier catalogs.