In a report released today, joseph Michael from Morgan Stanley maintained a Hold rating on Redbubble Ltd. (RDBBF – Research Report), with a price target of A$0.55. The company’s shares closed yesterday at $0.37.
According to TipRanks, Michael is an analyst with an average return of -4.8% and a 41.57% success rate.
Redbubble Ltd. has an analyst consensus of Hold, with a price target consensus of $0.53, implying a 44.26% upside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a A$0.55 price target.
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RDBBF market cap is currently $110.1M and has a P/E ratio of -6.05.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RDBBF in relation to earlier this year.
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Redbubble Ltd. engages in the development and provision of online marketplace, where artists upload their designs and creative works. It offers apparel, accessories, house ware, calendars, canvass prints, drawstring bags, duvet covers, framed prints, greeting cards, hardcover journals, laptop sleeves, photographic prints, posters, studio pouches, scarves, spiral notebooks, stickers, throw pillows, and bags designed by artists. The company was founded by Martin Hosking, Paul Vanzella and Peter Styles on April 10, 2006 and is headquartered in Melbourne, Australia.
