Needham Thinks Fair Isaac’s Stock is Going to Recover

Needham analyst Kyle Peterson reiterated a Buy rating on Fair Isaac (FICOResearch Report) today and set a price target of $600.00. The company’s shares closed last Friday at $361.53, close to its 52-week low of $340.48.

According to, Peterson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -14.2% and a 21.4% success rate. Peterson covers the Technology sector, focusing on stocks such as Dun & Bradstreet Holdings, TransUnion, and Cardlytics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fair Isaac with a $524.67 average price target, which is a 47.1% upside from current levels. In a report issued on May 13, Robert W. Baird also maintained a Buy rating on the stock with a $493.00 price target.

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Based on Fair Isaac’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $357 million and net profit of $104 million. In comparison, last year the company earned revenue of $331 million and had a net profit of $68.67 million.

Based on the recent corporate insider activity of 45 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 FICO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Fair Isaac Corp. engages in the provision of decision management solutions. It operates through the following segments: Applications, Scores, and Decision Management Software. The Applications segment includes decision management applications designed for a type of business problem or process such as marketing, account origination, customer management, fraud, collections, and insurance claims management. The Scores segment consists of business-to-business scoring solutions and services, business-to-consumer scoring solutions and services including myFICO solutions for consumers, and associated professional services. The Decision Management Software segment comprises the analytic and decision management software tools, FICO decision management suite, and associated professional services. The company was founded by Bill Fair and Earl Isaac in 1956 and is headquartered in San Jose, CA.

Read More on FICO:

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