Bank of America just raised its EUR/USD forecast
On March 17, 2025, Lathan Corinna, a director at PTC Inc. (NASDAQ:PTC), sold 622 shares of the company’s common stock. The transaction was executed at a price of $155.53 per share, resulting in a total sale value of $96,739. This sale was conducted under a pre-established 10b5-1(c) trading plan dated May 24, 2024. Following the transaction, Corinna holds 7,604 shares of PTC Inc. stock.The sale comes as PTC, a $19.2 billion market cap company, trades near its 52-week low of $151.80. According to InvestingPro data, analysts maintain a bullish outlook with a consensus "Buy" rating and price targets ranging from $178 to $240. The company currently appears slightly undervalued based on InvestingPro’s Fair Value analysis. For deeper insights, including 15 additional ProTips and comprehensive valuation metrics, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, PTC Inc. reported first-quarter earnings that exceeded analyst estimates, with adjusted earnings per share of $1.10, surpassing the expected $0.90. The company also reported revenue of $565 million, slightly above the projected $555.42 million, marking a 3% year-over-year increase. Despite these positive results, PTC’s guidance for the upcoming quarter and full fiscal year fell short of expectations, causing concern among investors. For the second quarter, PTC forecasts adjusted EPS of $1.30-$1.50, below the $1.62 consensus, and anticipates revenue between $590-620 million, missing the $647 million analyst estimate. The full-year guidance also disappointed, with projected adjusted EPS of $5.30-$6.00 and revenue between $2.43-2.53 billion, both below analyst forecasts. In light of these developments, BMO analyst Daniel Jester maintained an Outperform rating but adjusted his price target from $225 to $220. Additionally, PTC announced the appointment of Trac Pham, former CFO of Synopsys (NASDAQ:SNPS), to its Board of Directors. Pham’s extensive financial expertise is expected to provide valuable insights as PTC continues to expand its business.
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