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Benchmark Company $14 PT on Saba Software on Expected Delisting

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In a report published Friday, Benchmark Company analyst Mark W. Schappel reiterated a Buy rating and $14.00 price target on Saba Software (NASDAQ: SABA).

In the report, Schappel noted, “Last night, SABA announced that it expects to be delisted from the NASDAQ since the company is unable to meet its filing requirements with the SEC due to the ongoing accounting review. Upon delisting, SABA expects that its stock will trade on the OTC Markets Pink Sheets electronic quote system. The company held a conference call this morning, though management didn't take any questions from investors and there was little new information on the call.”

Saba Software closed on Thursday at $7.61.

Latest Ratings for SABA

DateFirmActionFromTo
Feb 2015Northland SecuritiesDowngradesOutperformMarket Perform
Feb 2015B. Riley FBRDowngradesBuyNeutral
Apr 2012BenchmarkMaintainsBuy

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