Research analysts at JMP Securities initiated coverage on shares of IntraLinks Holdings Inc. (NYSE:IL) in a note issued to investors on Thursday. The brokerage set a “market perform” rating on the stock.

Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of IntraLinks Holdings from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Thursday, July 21st. B. Riley reaffirmed a “buy” rating and set a $17.50 price target on shares of IntraLinks Holdings in a research report on Saturday, August 6th. Finally, Craig Hallum raised shares of IntraLinks Holdings from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Thursday, August 4th.

IntraLinks Holdings (NYSE:IL) opened at 9.61 on Thursday. The stock’s market cap is $545.69 million. The firm’s 50 day moving average price is $9.22 and its 200 day moving average price is $8.04. IntraLinks Holdings has a one year low of $6.22 and a one year high of $10.44.

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IntraLinks Holdings (NYSE:IL) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.17. IntraLinks Holdings had a negative return on equity of 0.66% and a negative net margin of 8.92%. The business had revenue of $73 million for the quarter, compared to analysts’ expectations of $72.81 million. During the same period last year, the company posted $0.01 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts forecast that IntraLinks Holdings will post $0.20 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC raised its position in shares of IntraLinks Holdings by 38.6% in the second quarter. Penserra Capital Management LLC now owns 1,928,224 shares of the company’s stock worth $12,533,000 after buying an additional 536,579 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of IntraLinks Holdings by 13.5% in the first quarter. Renaissance Technologies LLC now owns 2,819,500 shares of the company’s stock worth $22,218,000 after buying an additional 335,400 shares in the last quarter. Bogle Investment Management L P DE raised its position in shares of IntraLinks Holdings by 770.5% in the first quarter. Bogle Investment Management L P DE now owns 190,206 shares of the company’s stock worth $1,498,000 after buying an additional 168,357 shares in the last quarter. Teachers Advisors Inc. raised its position in shares of IntraLinks Holdings by 23.9% in the second quarter. Teachers Advisors Inc. now owns 868,660 shares of the company’s stock worth $5,646,000 after buying an additional 167,652 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of IntraLinks Holdings by 24.6% in the second quarter. Royce & Associates LP now owns 710,000 shares of the company’s stock worth $4,615,000 after buying an additional 140,000 shares in the last quarter. 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.

5 Day Chart for NYSE:IL

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