Informatica Lowered to “Neutral” at Robert W. Baird (INFA)
Informatica (NASDAQ:INFA) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $36.00 target price on the stock, down from their previous target price of $45.00. Robert W. Baird’s price target would suggest a potential upside of 17.46% from the stock’s previous close.
In other Informatica news, CEO Sohaib Abbasi unloaded 6,000 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $34.53, for a total value of $207,180.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on INFA. 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. Separately, analysts at Deutsche Bank cut their price target on shares of Informatica from $42.00 to $40.00 in a research note on Monday, July 14th. They now have a “hold” rating on the stock. Finally, analysts at Evercore Partners upgraded shares of Informatica from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 14th. They now have a $43.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently 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 52-week low of $29.87 and a 52-week 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 (EPS) for the quarter, meeting the 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 previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter 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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