Fintel reports that on October 24, 2023, Shore Capital reiterated coverage of First Derivatives (LSE:FDP) with a Buy recommendation.
Analyst Price Forecast Suggests 252.70% Upside
As of October 5, 2023, the average one-year price target for First Derivatives is 2,863.90. The forecasts range from a low of 2,354.31 to a high of $3,675.00. The average price target represents an increase of 252.70% from its latest reported closing price of 812.00.
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The projected annual revenue for First Derivatives is 347MM, an increase of 19.13%. The projected annual non-GAAP EPS is 0.45.
What is the Fund Sentiment?
There are 30 funds or institutions reporting positions in First Derivatives. This is an increase of 1 owner(s) or 3.45% in the last quarter. Average portfolio weight of all funds dedicated to FDP is 0.16%, an increase of 39.19%. Total shares owned by institutions increased in the last three months by 3.80% to 3,311K shares.
What are Other Shareholders Doing?
PRIDX - T. Rowe Price International Discovery Fund holds 1,287K shares representing 4.58% ownership of the company. In it's prior filing, the firm reported owning 1,326K shares, representing a decrease of 3.02%. The firm decreased its portfolio allocation in FDP by 4.31% over the last quarter.
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) - Invesco Oppenheimer Global Opportunities Fund Class R5 holds 1,200K shares representing 4.27% ownership of the company. No change in the last quarter.
WAMVX - Wasatch Micro Cap Value Fund Investor Class shares holds 154K shares representing 0.55% ownership of the company.
VINEX - Vanguard International Explorer Fund Investor Shares holds 153K shares representing 0.55% ownership of the company. In it's prior filing, the firm reported owning 161K shares, representing a decrease of 4.83%. The firm decreased its portfolio allocation in FDP by 6.87% over the last quarter.
SCZ - iShares MSCI EAFE Small-Cap ETF holds 101K shares representing 0.36% ownership of the company. In it's prior filing, the firm reported owning 104K shares, representing a decrease of 2.66%. The firm decreased its portfolio allocation in FDP by 3.83% over the last quarter.
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