Informatica Downgraded to “Neutral” at Susquehanna (INFA)
Informatica (NASDAQ:INFA) was downgraded by stock analysts at Susquehanna from a “positive” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $35.00 price target on the stock, down from their previous price target of $48.00. Susquehanna’s price objective indicates a potential upside of 14.19% from the stock’s previous close.
In other Informatica news, CEO Sohaib Abbasi unloaded 6,000 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $34.53, for a total transaction of $207,180.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse downgraded shares of Informatica from an “outperform” rating to a “neutral” rating in a research note on Friday. Separately, analysts at Robert W. Baird downgraded shares of Informatica from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $36.00 price target on the stock, down previously from $45.00. Finally, analysts at Mizuho cut their price target on shares of Informatica from $50.00 to $45.00 in a research note on Friday, July 18th. They now have a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $40.65.
Informatica (NASDAQ:INFA) opened at 30.65 on Friday. Informatica has a one year low of $29.87 and a one year high of $43.79. The stock’s 50-day moving average is $35.35 and its 200-day moving average is $37.96. The company has a market cap of $3.365 billion and a P/E ratio of 41.58.
Informatica (NASDAQ:INFA) last released its earnings data on Thursday, July 24th. The company reported $0.35 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts expect that Informatica will post $1.62 EPS for the current fiscal year.
Informatica Corporation (NASDAQ:INFA) is an independent provider of enterprise data integration and data quality software and services.
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