Pacific Crest Reiterates “Market Outperform” Rating for Informatica (INFA)
Informatica (NASDAQ:INFA)‘s stock had its “market outperform” rating reiterated by equities researchers at Pacific Crest in a research report issued on Thursday. They currently have a $42.00 target price on the stock. Pacific Crest’s target price points to a potential upside of 21.07% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Mizuho reiterated a “buy” rating on shares of Informatica in a research note on Friday, July 25th. They now have a $38.00 price target on the stock, down previously from $45.00. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $39.95.
In other Informatica news, Director A Brooke Seawell sold 3,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 28th. The stock was sold at an average price of $33.58, for a total value of $100,740.00. The sale was disclosed in a filing 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 one year low of $29.87 and a one year high of $43.79. The stock’s 50-day moving average is $32.86 and its 200-day moving average is $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 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 $1.55 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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