Citi Sticks to Their Hold Rating for Dayforce Inc (DAY)

Citi analyst Steve Enders maintained a Hold rating on Dayforce Inc on December 19 and set a price target of $70.00. The company’s shares closed yesterday at $69.27.

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According to TipRanks, Enders is an analyst with an average return of -0.5% and a 53.13% success rate. Enders covers the Technology sector, focusing on stocks such as Intuit, Open Text, and Dropbox.

Currently, the analyst consensus on Dayforce Inc is a Hold with an average price target of $70.00, a 1.05% upside from current levels. In a report released on December 16, Mizuho Securities also maintained a Hold rating on the stock with a $70.00 price target.

Based on Dayforce Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $481.6 million and a GAAP net loss of $196.8 million. In comparison, last year the company earned a revenue of $440 million and had a net profit of $2 million

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DAY in relation to earlier this year. Last month, PRICE T ROWE ASSOCIATES INC MD, a Major Shareholder at DAY sold 49,705.00 shares for a total of $3,405,249.88.