Stock Traders Buy Large Volume of Jive Software Put Options (JIVE)
Jive Software (NASDAQ:JIVE) was the target of some unusual options trading on Monday. Stock investors bought 15,399 put options on the company, Analyst Ratings Network.com reports. This is an increase of approximately 1,019% compared to the average volume of 1,376 put options.
Separately, analysts at Credit Suisse cut their price target on shares of Jive Software from $20.00 to $16.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.57.
Jive Software (NASDAQ:JIVE) opened at 9.87 on Tuesday. Jive Software has a 52-week low of $9.65 and a 52-week high of $18.48. The stock has a 50-day moving average of $10.6 and a 200-day moving average of $12.73. The company’s market cap is $683.4 million.
Jive Software (NASDAQ:JIVE) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.04. The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $36.52 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. The company’s quarterly revenue was up 29.4% on a year-over-year basis. On average, analysts predict that Jive Software will post $-0.56 earnings per share for the current fiscal year.
Jive Software, Inc develops social business collaboration software. The Company’s Social Business Software (NASDAQ:JIVE) combines the community software, collaboration software, social networking software, and social media monitoring offerings into an integrated platform.
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