Share on StockTwits

Imprivata (NASDAQ:IMPR) shares dropped 4.5% on Tuesday following a weaker than expected earnings announcement, Analyst Ratings Network reports. The company traded as low as $13.32 and last traded at $13.89, with a volume of 81,308 shares. The stock had previously closed at $14.55.

The company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by $0.42. The company had revenue of $23.20 million for the quarter, compared to the consensus estimate of $22.15 million. The company’s revenue for the quarter was up 34.1% on a year-over-year basis.

Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Imprivata in a research note on Monday, July 21st. They set an “outperform” rating on the stock. Separately, analysts at William Blair initiated coverage on shares of Imprivata in a research note on Monday, July 21st. They set an “outperform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Imprivata in a research note on Monday, July 21st. They set an “overweight” rating and a $19.00 price target on the stock.

The stock has a 50-day moving average of $15.77 and a 200-day moving average of $15.77. The company’s market cap is $319.4 million.

Imprivata Inc is a provider of authentication and access management technology solutions for the healthcare industry.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.