Imperva’s “Hold” Rating Reiterated at Deutsche Bank (IMPV)
Imperva (NASDAQ:IMPV)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday. They currently have a $30.00 price objective on the stock. Deutsche Bank’s price objective indicates a potential upside of 9.01% from the stock’s previous close.
Imperva (NASDAQ:IMPV) traded up 8.28% on Tuesday, hitting $29.80. The stock had a trading volume of 772,031 shares. Imperva has a 52-week low of $18.40 and a 52-week high of $67.12. The stock’s 50-day moving average is $24.70 and its 200-day moving average is $35.59. The company’s market cap is $789.5 million.
Imperva (NASDAQ:IMPV) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.16. The company had revenue of $38.40 million for the quarter, compared to the consensus estimate of $34.41 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. Analysts expect that Imperva will post $-0.95 EPS for the current fiscal year.
Separately, analysts at Piper Jaffray initiated coverage on shares of Imperva in a research note on Tuesday, August 12th. They set a “neutral” rating and a $29.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.70.
Imperva, Inc (NASDAQ:IMPV) is engaged in providing data security solutions focused on providing visibility and control over business data across systems within the data center.
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