C3.ai, Inc. (NYSE:AI) Receives Consensus Rating of “Hold” from Analysts

C3.ai, Inc. (NYSE:AI) has been given a consensus rating of “Hold” by the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $27.70.

A number of research analysts have issued reports on AI shares. DA Davidson decreased their target price on shares of C3.ai from $30.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of C3.ai in a research report on Thursday, September 5th. Piper Sandler Companies reissued a “neutral” rating and issued a $24.00 price objective on shares of C3.ai in a research note on Thursday, September 5th. Morgan Stanley reduced their price target on C3.ai from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Thursday, September 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of C3.ai in a report on Thursday, September 5th.

C3.ai Price Performance

Shares of C3.ai stock opened at $25.03 on Monday. C3.ai has a 1 year low of $18.85 and a 1 year high of $38.30. The business has a 50-day moving average of $24.12 and a two-hundred day moving average of $25.68. The company has a market capitalization of $3.18 billion, a P/E ratio of -10.98 and a beta of 1.80.

C3.ai (NYSE:AI) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.08. C3.ai had a negative return on equity of 31.28% and a negative net margin of 85.47%. The firm had revenue of $87.21 million during the quarter, compared to the consensus estimate of $86.94 million. During the same quarter in the prior year, the firm posted ($0.56) EPS. The business’s revenue was up 20.5% on a year-over-year basis. On average, equities analysts anticipate that C3.ai will post -2.31 EPS for the current fiscal year.

Institutional Trading of C3.ai

A number of institutional investors have recently bought and sold shares of AI. Hobbs Group Advisors LLC acquired a new stake in C3.ai during the second quarter valued at $29,000. Unique Wealth Strategies LLC acquired a new stake in shares of C3.ai during the 2nd quarter valued at about $28,000. Blue Trust Inc. increased its stake in shares of C3.ai by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 1,028 shares of the company’s stock valued at $28,000 after purchasing an additional 615 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new position in C3.ai in the 3rd quarter worth about $25,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in C3.ai by 311.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $30,000 after purchasing an additional 795 shares in the last quarter. 38.96% of the stock is currently owned by institutional investors and hedge funds.

C3.ai Company Profile

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.