Informatica Corp.’s “Buy” Rating Reaffirmed at Deutsche Bank (INFA)
Informatica Corp. (NASDAQ:INFA)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports. They currently have a $46.00 target price on the stock, down from their previous target price of $50.00. Deutsche Bank’s price target would indicate a potential upside of 20.01% from the stock’s previous close.
In other Informatica Corp. news, CEO Sohaib Abbasi unloaded 21,700 shares of Informatica Corp. stock on the open market in a transaction dated Monday, October 21st. The stock was sold at an average price of $37.44, for a total transaction of $812,448.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Informatica Corp. to $40.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Informatica Corp. from $39.00 to $45.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Barclays reiterated a “hold” rating on shares of Informatica Corp. in a research note to investors on Friday. They now have a $44.00 price target on the stock. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $42.56.
Informatica Corp. (NASDAQ:INFA) traded down 3.65% on Friday, hitting $36.93. The stock had a trading volume of 4,257,127 shares. Informatica Corp. has a 52-week low of $23.83 and a 52-week high of $39.87. The stock’s 50-day moving average is $37.58 and its 200-day moving average is $35.89. The company has a market cap of $3.997 billion and a P/E ratio of 51.80.
Informatica Corp. (NASDAQ:INFA) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.01. The company had revenue of $235.40 million for the quarter, compared to the consensus estimate of $225.40 million. During the same quarter last year, the company posted $0.27 earnings per share. Informatica Corp.’s revenue was up 23.7% compared to the same quarter last year.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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