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Jive Software (NASDAQ:JIVE) shares reached a new 52-week low during mid-day trading on Wednesday , Analyst Ratings News reports. The company traded as low as $7.23 and last traded at $7.32, with a volume of 4,730,205 shares trading hands. The stock had previously closed at $8.87.

A number of analysts have recently weighed in on JIVE shares. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Jive Software in a research note on Wednesday. They now have a $9.50 price target on the stock, down previously from $11.50. Separately, analysts at Northland Securities reiterated an “outperform” rating on shares of Jive Software in a research note on Wednesday. Finally, analysts at Morgan Stanley downgraded shares of Jive Software from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. They now have a $10.00 price target on the stock, down previously from $18.00. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.44.

The stock has a 50-day moving average of $9.84 and a 200-day moving average of $11.50. The company’s market cap is $498.5 million.

Jive Software (NASDAQ:JIVE) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.16) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.16). The company had revenue of $39.30 million for the quarter, compared to the consensus estimate of $39.21 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. Analysts expect that Jive Software will post $-0.47 EPS for the current fiscal year.

Jive Software, Inc (NASDAQ:JIVE) provides a social business software platform.

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