IntraLinks Holdings Inc. (IL) Receives New Coverage from Analysts at JMP Securities
Analysts at JMP Securities began coverage on shares of IntraLinks Holdings Inc. (NYSE:IL) in a report released on Thursday. The brokerage set a “market perform” rating and a $13.00 price target on the stock. JMP Securities’ target price points to a potential upside of 35.28% from the stock’s current price.
A number of other brokerages have also recently issued reports on IL. Zacks Investment Research raised IntraLinks Holdings from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a report on Tuesday, August 9th. B. Riley restated a “buy” rating and issued a $17.50 target price on shares of IntraLinks Holdings in a research note on Saturday, August 6th. Finally, Craig Hallum upgraded IntraLinks Holdings from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Thursday, August 4th.
IntraLinks Holdings (NYSE:IL) traded up 2.81% during trading on Thursday, hitting $9.88. The company had a trading volume of 71,292 shares. The company’s 50 day moving average price is $9.22 and its 200-day moving average price is $8.04. The stock’s market capitalization is $561.03 million. IntraLinks Holdings has a 1-year low of $6.22 and a 1-year high of $10.44.
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IntraLinks Holdings (NYSE:IL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.17. The company had revenue of $73 million for the quarter, compared to analysts’ expectations of $72.81 million. IntraLinks Holdings had a negative return on equity of 0.66% and a negative net margin of 8.92%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. On average, analysts expect that IntraLinks Holdings will post $0.20 EPS for the current year.
Several institutional investors have recently made changes to their positions in the stock. PEAK6 Investments L.P. purchased a new position in shares of IntraLinks Holdings during the second quarter valued at approximately $102,000. AHL Partners LLP purchased a new position in shares of IntraLinks Holdings during the second quarter valued at approximately $114,000. JPMorgan Chase & Co. raised its position in shares of IntraLinks Holdings by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 17,846 shares of the company’s stock valued at $116,000 after buying an additional 4,796 shares during the period. Sterling Capital Management LLC purchased a new position in shares of IntraLinks Holdings during the second quarter valued at approximately $130,000. Finally, Alambic Investment Management L.P. purchased a new position in shares of IntraLinks Holdings during the second quarter valued at approximately $139,000. Hedge funds and other institutional investors own 91.72% of the company’s stock.
About IntraLinks Holdings
Intralinks Holdings, Inc is a technology provider of software-as-a-service (SaaS) solutions for secure enterprise content collaboration within and among organizations. The Company’s cloud-based solutions enable organizations to manage, control, track, search, exchange and collaborate on sensitive information inside and outside the firewall.
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