Informatica’s “Hold” Rating Reaffirmed at Deutsche Bank (INFA)
Informatica (NASDAQ:INFA)‘s stock had its “hold” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Friday. They currently have a $32.00 target price on the stock, down from their previous target price of $40.00. Deutsche Bank’s price target points to a potential upside of 4.40% from the stock’s previous close.
Shares of Informatica (NASDAQ:INFA) traded down 12.25% on Friday, hitting $30.65. 11,374,137 shares of the company’s stock traded hands. Informatica has a one year low of $29.87 and a one year high of $43.79. The stock has a 50-day moving average of $35.35 and a 200-day moving average of $37.96. The company has a market cap of $3.365 billion and a price-to-earnings ratio of 41.58.
Informatica (NASDAQ:INFA) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.35 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.35. The company had revenue of $250.71 million for the quarter, compared to the consensus estimate of $251.00 million. During the same quarter last year, the company posted $0.31 earnings per share. Informatica’s revenue was up 12.7% compared to the same quarter last year. Analysts expect that Informatica will post $1.62 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Informatica in a research note on Friday. They now have a $35.00 price target on the stock, down previously from $46.00. Separately, analysts at Wedbush cut their price target on shares of Informatica from $50.00 to $37.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Susquehanna downgraded shares of Informatica from a “positive” rating to a “neutral” rating in a research note on Friday. They now have a $35.00 price target on the stock, down previously from $48.00. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $41.06.
In other Informatica news, CEO Sohaib Abbasi sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $34.53, for a total value of $207,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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