Needham & Company Initiates Coverage on Wageworks (WAGE)

By admin | 6 years ago

Investment analysts at Needham & Company began coverage on shares of Wageworks (NASDAQ: WAGE) in a note issued to investors on Monday. The firm set a “buy” rating and a $15.00 price target on the stock.

Wageworks opened at 11.52 on Monday. Wageworks has a 1-year low of $10.12 and a 1-year high of $11.60. The company has a market cap of $296.4 million and a price-to-earnings ratio of 8.09.

A number of other firms have also recently commented on WAGE. Analysts at Stifel Nicolaus initiated coverage on shares of Wageworks in a research note to investors on Monday. They set a “buy” rating and a $15.00 price target on the stock. Separately, analysts at JMP Securities initiated coverage on shares of Wageworks in a research note to investors on Monday. They set an “outperform” rating and a $0.61 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of Wageworks in a research note to investors on Monday. They set an “outperform” rating on the stock.

WageWorks, Inc. is an on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits (CDBs), in the United States.

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