IntraLinks Holdings Inc. (IL) Lowered to “Hold” at Zacks Investment Research
IntraLinks Holdings Inc. (NYSE:IL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “IntraLinks Holdings, Inc. is a global provider of Software-as-a-Service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. The Company’s cloud-based solutions enable organizations to control, track, search and exchange time-sensitive information inside and outside the firewall, all within a secure and easy-to-use environment, eliminating the inherent risks and inefficiencies of using email, fax, courier services and other existing solutions to collaborate and exchange information. Its solutions are used by professionals from organizations in industries including financial services, pharmaceutical, biotechnology, consumer, energy, industrial, legal, insurance, real estate and technology, as well as government agencies. The Company claims to transform slow, expensive, information-intensive tasks into streamlined, efficient, real-time business processes through its solutions. IntraLinks Holdings, Inc. is based in New York, New York. “
Other research analysts have also recently issued reports about the company. B. Riley reaffirmed a “buy” rating and set a $14.25 price objective on shares of IntraLinks Holdings in a research report on Monday, August 1st. Craig Hallum raised IntraLinks Holdings from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Thursday, August 4th. Finally, JMP Securities began coverage on IntraLinks Holdings in a research report on Thursday, September 22nd. They set a “market perform” rating and a $13.00 price objective for the company.
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Shares of IntraLinks Holdings (NYSE:IL) traded down 0.91% on Wednesday, reaching $9.80. The company had a trading volume of 113,430 shares. IntraLinks Holdings has a 52 week low of $6.22 and a 52 week high of $10.44. The company’s 50-day moving average price is $9.69 and its 200 day moving average price is $8.19. The firm’s market capitalization is $556.48 million.
IntraLinks Holdings (NYSE:IL) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.17. The business had revenue of $73 million for the quarter, compared to analyst estimates of $72.81 million. IntraLinks Holdings had a negative return on equity of 0.66% and a negative net margin of 8.92%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share. On average, analysts expect that IntraLinks Holdings will post $0.20 EPS for the current year.
Several hedge funds have recently made changes to their positions in the stock. American International Group Inc. boosted its stake in shares of IntraLinks Holdings by 1.2% in the second quarter. American International Group Inc. now owns 23,817 shares of the company’s stock worth $155,000 after buying an additional 281 shares during the period. BlackRock Advisors LLC boosted its stake in shares of IntraLinks Holdings by 1.2% in the second quarter. BlackRock Advisors LLC now owns 74,527 shares of the company’s stock worth $484,000 after buying an additional 918 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of IntraLinks Holdings by 5.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,158 shares of the company’s stock worth $238,000 after buying an additional 1,483 shares during the period. California State Teachers Retirement System boosted its stake in shares of IntraLinks Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 86,755 shares of the company’s stock worth $564,000 after buying an additional 1,653 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake 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 worth $116,000 after buying an additional 4,796 shares during the period. 91.72% of the stock is owned by hedge funds and other institutional investors.
IntraLinks Holdings Company Profile
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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