Were Analysts Bullish Carbonite Inc (NASDAQ:CARB) This Week?

Out of 2 analysts covering Calgon Carbon (NASDAQ:CARB), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Calgon Carbon has been the topic of 2 analyst reports since February 5, 2016 according to StockzIntelligence Inc. B. Riley & Co initiated the stock on June 10 with “Buy” rating. Below is a list of Carbonite Inc (NASDAQ:CARB) latest ratings and price target changes.

10/06/2016 Broker: B. Riley & Co Rating: Buy New Target: $15.00 Initiate

The stock decreased 0.91% or $0.14 during the last trading session, hitting $15.26. Carbonite Inc (NASDAQ:CARB) has risen 103.74% since February 25, 2016 and is uptrending. It has outperformed by 92.48% the S&P500.

Carbonite, Inc. is a provider of cloud and business continuity solutions. The company has a market cap of $415.07 million. The Company’s solutions are designed to address the specific needs of small and medium sized businesses and individuals. It currently has negative earnings. It offers various solutions, such as Carbonite Personal, Carbonite Pro, Carbonite Server Backup and MailStore.

Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 0.92, from 1.08 in 2016Q1. The ratio is positive, as 13 funds sold all Carbonite Inc shares owned while 18 reduced positions. 25 funds bought stakes while 37 increased positions. They now own 15.89 million shares or 5.13% more from 15.11 million shares in 2016Q1.

Bainco International Investors holds 4.9% of its portfolio in Carbonite Inc for 2.34 million shares. Lyon Street Capital Llc owns 751,049 shares or 4.12% of their US portfolio. Moreover, Crosslink Capital Inc has 3.65% invested in the company for 2.09 million shares. The Texas-based Nokomis Capital L.L.C. has invested 3.32% in the stock. Cannell Capital Llc, a Wyoming-based fund reported 515,863 shares.

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