Freshworks Inc. (NASDAQ:FRSH) Given Average Rating of “Hold” by Brokerages

Shares of Freshworks Inc. (NASDAQ:FRSH) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.1818.

A number of brokerages recently issued reports on FRSH. Oppenheimer downgraded Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. UBS Group set a $11.00 price objective on shares of Freshworks in a research report on Wednesday, February 11th. Wells Fargo & Company lowered their target price on shares of Freshworks from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, February 11th. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Finally, Weiss Ratings downgraded shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th.

Freshworks Stock Performance

Shares of FRSH stock opened at $9.45 on Monday. The firm has a fifty day moving average price of $8.66 and a 200 day moving average price of $9.80. The company has a market cap of $2.61 billion, a P/E ratio of 15.24 and a beta of 0.89. Freshworks has a 12 month low of $6.79 and a 12 month high of $16.05.

Freshworks (NASDAQ:FRSH) last issued its earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $228.63 million during the quarter, compared to the consensus estimate of $223.64 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. On average, equities analysts forecast that Freshworks will post -0.02 EPS for the current year.

Hedge Funds Weigh In On Freshworks

Several hedge funds have recently made changes to their positions in FRSH. IFP Advisors Inc grew its holdings in shares of Freshworks by 954.9% during the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after purchasing an additional 1,948 shares during the last quarter. Summit Securities Group LLC acquired a new position in Freshworks during the fourth quarter worth approximately $26,000. Rothschild Investment LLC lifted its stake in Freshworks by 560.0% in the third quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock valued at $27,000 after buying an additional 1,932 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in Freshworks by 136.2% in the third quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after buying an additional 1,583 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Freshworks in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Freshworks Company Profile

Freshworks, Inc is a global provider of cloud-based customer engagement software designed to help businesses streamline customer support, sales, marketing, and IT service operations. The company’s integrated suite of solutions enables organizations of all sizes to deliver seamless experiences across multiple channels, including email, chat, phone, and social media. Freshworks’ platform is built on modern, user-friendly interfaces and offers native automation, AI-powered insights, and analytics to improve efficiency and customer satisfaction.

The company’s flagship product, Freshdesk, serves as a helpdesk solution for customer support teams, while Freshservice addresses IT service management needs.