Informatica Downgraded by Barclays to Equal Weight (INFA)
Informatica (NASDAQ:INFA) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Thursday. They currently have a $35.00 target price on the stock. Barclays’ price target indicates a potential upside of 0.89% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Pacific Crest reiterated a “market outperform” rating on shares of Informatica in a research note on Thursday. They now have a $42.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Informatica from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 30th. They now have a $30.10 price target on the stock. Finally, analysts at Nomura upgraded shares of Informatica from a “neutral” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $41.00 price target on the stock, down previously from $48.00. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.95.
In other Informatica news, Director A Brooke Seawell sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $33.58, for a total value of $100,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Informatica (NASDAQ:INFA) opened at 34.69 on Thursday. 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 $32.86 and a 200-day moving average of $36.29. The company has a market cap of $3.816 billion and a price-to-earnings ratio of 38.89.
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 $1.55 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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