Saba Software (NASDAQ: SABA) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating in a research note issued on Friday.
Separately, analysts at Northland Securities set a $14.00 price target on shares of Saba Software in a research note to investors on Friday, January 6th. They now have an “outperform” rating on the stock. Also, analysts at Craig Hallum upgraded shares of Saba Software from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, December 7th.
Saba Software, Inc. (Saba) is a provider of people systems, which constitute a class of business-critical software that combines enterprise learning, people management and collaboration technologies. Its solutions are available both on-premise and in the cloud, and are underpinned by global services capabilities consisting of consulting, implementation and education services and worldwide support. Saba People Systems consists of the Saba People Suite and global services capabilities consisting of strategic consulting, implementation and education services, and worldwide support. The Saba People Suite includes products within the Saba Learning Suite, the Saba Performance Suite and the Saba Collaboration Suite. The Saba People Suite is available through both SaaS and on-premise delivery models.
Saba Software opened at 9.72 on Friday. Saba Software has a 1-year low of $5.07 and a 1-year high of $10.62. The stock has a 50-day moving average of $8.66 and a 200-day moving average of $7.23. The company’s market cap is $289.5 million.