Is NetSuite Inc a Buy? The Stock Had Bullish Options Activity Today

 Is NetSuite Inc a Buy? The Stock Had Bullish Options Activity Today

In today’s session NetSuite Inc (N) registered an unusually high (996) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious N increase. With 996 contracts traded and 45634 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: N170120C00110000 closed last at: $1.15 or 28.1% down. The stock closed at $90.34 during the last session. It is down 28.20% since April 5, 2016 and is uptrending. It has outperformed by 26.24% the S&P500.

NetSuite Inc (NYSE:N) Ratings Coverage

Out of 26 analysts covering NetSuite (NYSE:N), 4 rate it a “Buy”, 2 “Sell”, while 20 “Hold”. This means 15% are positive. $109 is the highest target while $68 is the lowest. The $91.30 average target is 1.06% above today’s ($90.34) stock price. NetSuite has been the topic of 51 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, January 29 by Canaccord Genuity. The firm has “Neutral” rating by Goldman Sachs given on Friday, July 29. The rating was maintained by Mizuho on Friday, October 23 with “Neutral”. The firm has “Neutral” rating by Suntrust Robinson given on Wednesday, May 18. The firm earned “Buy” rating on Tuesday, April 12 by Mitsubishi. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, July 29. The firm earned “Underperform” rating on Tuesday, January 26 by Bank of America. Barclays Capital maintained NetSuite Inc (NYSE:N) on Friday, October 23 with “Equal Weight” rating. The rating was initiated by BTIG Research on Thursday, September 10 with “Neutral”. The firm has “Neutral” rating given on Friday, April 1 by Piper Jaffray.

According to Zacks Investment Research, “NetSuite, Inc. is the leading provider of on-demand, integrated business management software for growing and midsize businesses. With thousands of customers globally using NetSuite’s online products and professional services, companies are enabled to manage all key business operations in a single hosted system, including: customer relationship management; order fulfillment; inventory; accounting and finance, product assembly; ecommerce; Web site management; and employee productivity.”

Insitutional Activity: The institutional sentiment increased to 1.66 in 2016 Q2. Its up 0.15, from 1.51 in 2016Q1. The ratio is positive, as 18 funds sold all NetSuite Inc shares owned while 52 reduced positions. 40 funds bought stakes while 76 increased positions. They now own 43.78 million shares or 7.04% less from 47.10 million shares in 2016Q1.
Gagnon Secs Lc has invested 2.59% of its portfolio in NetSuite Inc (NYSE:N). Westpac Banking accumulated 112,552 shares or 0% of the stock. Envestnet Asset Inc has 0% invested in the company for 7,178 shares. Quantbot Technology Limited Partnership holds 0.02% or 2,167 shares in its portfolio. Moreover, Next Financial Grp has 0% invested in NetSuite Inc (NYSE:N) for 100 shares. Tower Rech Cap Limited Co (Trc) accumulated 245 shares or 0% of the stock. Credit Agricole S A has 0% invested in the company for 4,047 shares. Wells Fargo And Mn, a California-based fund reported 102,807 shares. Shinko Asset Mngmt Communications reported 107 shares or 0% of all its holdings. Bridgewater Assocs L P accumulated 0.02% or 22,600 shares. Ardevora Asset Mgmt Llp has invested 1.01% of its portfolio in NetSuite Inc (NYSE:N). Commerzbank Aktiengesellschaft Fi holds 0.17% or 351,784 shares in its portfolio. Shell Asset Mngmt accumulated 0% or 1,393 shares. Citadel Advsrs Ltd Llc reported 99,626 shares or 0.01% of all its holdings. Pitcairn accumulated 21,123 shares or 0.2% of the stock.

NetSuite Inc. is a provider of cloud financials, enterprise resource planning and omnichannel commerce software suites. The company has a market cap of $7.29 billion. The Firm offers a suite of applications, including financial management, customer relationship management, e-commerce and retail management, commerce marketing automation, professional services automation and human capital management that enable companies to manage business in an integrated suite. It currently has negative earnings. The Firm also offers customer support and professional services related to the support and implementation of its suite of applications.

N Company Profile

NetSuite Inc. (NetSuite), incorporated on April 11, 2007, is a well-known provider of cloud financials, enterprise resource planning (ERP) and omnichannel commerce software suites. The Firm also offers a suite of applications, including financial management, customer relationship management (CRM), e-commerce and retail management, commerce marketing automation, professional services automation (PSA) and human capital management (HCM) that enable companies to manage business in an integrated suite. The Company’s real-time dashboard technology provides a view into various business information. The Firm also offers customer support and professional services related to the support and implementation of its suite of applications. The Firm delivers its applications over the Internet as a subscription service using the software-as-a-service (SaaS) model.

More notable recent NetSuite Inc (NYSE:N) news were published by: Reuters.com which released: “Oracle says majority of NetSuite holders back acquisition” on November 05, 2016, also Prnewswire.com with their article: “NetSuite Appoints Sam Levy As Vice President Of Sales Americas” published on October 25, 2016, Prnewswire.com published: “Oracle Completes Tender Offer for Acquisition of NetSuite” on November 05, 2016. More interesting news about NetSuite Inc (NYSE:N) were released by: Seekingalpha.com and their article: “The Battle For NetSuite Enters Its Final Stage” published on November 02, 2016 as well as Blogs.Wsj.com‘s news article titled: “Stocks to Watch: LendingClub, Datalink, NetSuite” with publication date: November 07, 2016.

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