Thoughtworks (TWKS) Stock Price, News & Analysis

Company Overview

Thoughtworks Holding, Inc. provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America. The company's consultancy services integrate strategy, design, and software engineering to enable enterprises and technology disruptors to thrive as modern digital businesses. It offers enterprise modernization, platforms, and cloud services, including modernization strategy and execution, digital platform strategy and engineering organization transformation, cloud modernization, cloud-native application support and evolution, and platform assessment and remediation; and customer experience, product, and design services comprising idea to market, customer experience strategy, product management transformation, and product design and delivery. The company also provides data and artificial intelligence services, such as data strategy, intelligent products, data platforms and data mesh, continuous delivery for machine learning, and data governance; digital transformation and operations services, which include delivery transformation, digital fluency, organization transformation, value-driven portfolio management, technology strategy, executive advisory, and digital foundations training; and DAMO managed services. It serves its clients in various industry verticals, including technology and business services; energy, public, and health services; retail and consumer; financial services and insurance; and automotive, travel, and transportation. The company was incorporated in 1993 and is headquartered in Chicago, Illinois. Thoughtworks Holding, Inc. operates as a subsidiary of Turing EquityCo II L.P.

Key Stats

• Today's Range: $4.47 to $4.47
• 50-Day Range: $4.38 to $4.49
• 52-Week Range: $2.19 to $5.20
• Volume: N/A
• Average Volume: 2.06 million shs
• Market Capitalization: $1.44 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.18
• Consensus Rating: Hold

Thoughtworks Stock Analysis - MarketRank™

Thoughtworks scored higher than 4% of companies evaluated by MarketBeat, and ranked 334th out of 338 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Thoughtworks has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Thoughtworks has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Thoughtworks are expected to grow in the coming year, from ($0.02) to $0.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Thoughtworks is -14.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Thoughtworks is -14.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Thoughtworks has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

20.43% of the float of Thoughtworks has been sold short.

Short Interest Ratio / Days to Cover

Thoughtworks has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Thoughtworks has recently increased by 101.26%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Thoughtworks does not currently pay a dividend.

Dividend Growth

Thoughtworks does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

20.43% of the float of Thoughtworks has been sold short.

Short Interest Ratio / Days to Cover

Thoughtworks has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Thoughtworks has recently increased by 101.26%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.48

News Sentiment

Thoughtworks has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Thoughtworks this week, compared to 4 articles on an average week.

MarketBeat Follows

Only 1 people have added Thoughtworks to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Thoughtworks insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.30% of the stock of Thoughtworks is held by insiders.

Percentage Held by Institutions

Only 32.81% of the stock of Thoughtworks is held by institutions.

TWKS Stock Analysis - Frequently Asked Questions

How have TWKS shares performed this year?

Thoughtworks' stock was trading at $4.81 on January 1st, 2024. Since then, TWKS shares have decreased by 7.1% and is now trading at $4.47.
View the best growth stocks for 2024 here.

How were Thoughtworks' earnings last quarter?

Thoughtworks Holding, Inc. (NASDAQ:TWKS) released its earnings results on Monday, August, 5th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.00 by $0.03. The firm's quarterly revenue was down 12.4% compared to the same quarter last year.

When did Thoughtworks IPO?

Thoughtworks (TWKS) raised $700 million in an initial public offering (IPO) on Wednesday, September 15th 2021. The company issued 36,842,106 shares at $18.00-$20.00 per share.

Who are Thoughtworks' major shareholders?

Top institutional investors of Thoughtworks include SG Americas Securities LLC (1.03%), Glazer Capital LLC (0.95%), State Street Corp (0.65%) and Alpine Associates Management Inc. (0.60%). Insiders that own company stock include Guo Xiao, Christopher Gerard Murphy, Joanna Parke, Erin Cummins, Sai Krishna Mandapaty and Angela Ferguson.
View institutional ownership trends.

How do I buy shares of Thoughtworks?

Shares of TWKS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Thoughtworks own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Thoughtworks investors own include Waste Connections (WCN), American Water Works (AWK), The RMR Group (RMR), DiamondRock Hospitality (DRH), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/05/2024
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Custom computer programming services
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:TWKS
• CUSIP: N/A
• CIK: 1866550
• Web: www.thoughtworks.com
• Phone: 312-373-1000
• Fax: N/A
• Employees: 10,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.18
• High Stock Price Target: $6.00
• Low Stock Price Target: $2.50
• Potential Upside/Downside: -6.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.30)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-68,660,000.00
• Net Margins: -9.45%
• Pretax Margin: -9.72%
• Return on Equity: -5.34%
• Return on Assets: -3.13%

Debt

• Debt-to-Equity Ratio: 0.39
• Current Ratio: 2.59
• Quick Ratio: 2.59

Sales & Book Value

• Annual Sales: $1.03 billion
• Price / Sales: 1.40
• Cash Flow: $0.03 per share
• Price / Cash Flow: 159.80
• Book Value: $2.43 per share
• Price / Book: 1.84

Miscellaneous

• Outstanding Shares: 323,160,000
• Free Float: 315,727,000
• Market Cap: $1.44 billion
• Optionable: Optionable
• Beta: 1.13