Cloudastructure (NASDAQ:CSAI) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Cloudastructure (NASDAQ:CSAI) to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other analysts have also weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cloudastructure in a research note on Friday, January 9th. Wall Street Zen cut shares of Cloudastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.00.

Cloudastructure Trading Down 0.6%

Shares of NASDAQ:CSAI opened at $0.86 on Thursday. Cloudastructure has a 12 month low of $0.78 and a 12 month high of $52.43. The company has a market capitalization of $16.87 million and a price-to-earnings ratio of -3.20. The firm’s 50-day moving average is $1.00 and its 200 day moving average is $1.40.

Cloudastructure (NASDAQ:CSAI) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.13) earnings per share for the quarter. Cloudastructure had a negative return on equity of 147.58% and a negative net margin of 210.73%.The business had revenue of $1.45 million during the quarter.

Cloudastructure announced that its Board of Directors has authorized a share buyback plan on Thursday, October 16th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to purchase up to 19.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Cloudastructure

Several institutional investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of Cloudastructure in the second quarter valued at about $55,000. Citadel Advisors LLC bought a new position in Cloudastructure during the 3rd quarter worth about $64,000. Finally, Two Sigma Investments LP increased its position in Cloudastructure by 104.6% during the 3rd quarter. Two Sigma Investments LP now owns 93,722 shares of the company’s stock valued at $118,000 after purchasing an additional 47,916 shares during the period.

Cloudastructure Company Profile

Cloudastructure, Inc (NASDAQ: CSAI) is a technology company specializing in cloud-based video security and surveillance solutions. The company’s core offering is a subscription-based Video-as-a-Service (VaaS) platform that enables customers to deploy, manage and monitor high-definition cameras and environmental sensors through a unified cloud interface. By leveraging scalable cloud infrastructure, Cloudastructure eliminates the need for on-site video recording hardware and simplifies system maintenance and updates.

In addition to managed hardware, Cloudastructure provides advanced analytics capabilities powered by artificial intelligence and machine learning.