Informatica Corp. Upgraded to Overweight by First Analysis (INFA)
Informatica Corp. (NASDAQ:INFA) was upgraded by investment analysts at First Analysis from an “equal weight” rating to an “overweight” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.
Informatica Corp. (NASDAQ:INFA) opened at 41.035 on Friday. 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 $4.441 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 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis.
In other Informatica Corp. news, CEO Sohaib Abbasi unloaded 21,700 shares of the stock 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 filing with the Securities & Exchange Commission, which is available at this link.
INFA has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Informatica Corp. from $43.00 to $47.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Mizuho raised their price target on shares of Informatica Corp. from $42.00 to $45.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Barclays downgraded shares of Informatica Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, October 7th. They now have a $44.00 price target on the stock, down previously from $45.00. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Informatica Corp. currently has a consensus rating of “Buy” and a consensus target price of $41.35.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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