Credit Suisse Group AG Reaffirms “Neutral” Rating for Jive Software Inc. (JIVE)
Jive Software Inc. (NASDAQ:JIVE)‘s stock had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG in a research report issued to clients and investors on Tuesday. They currently have a $4.00 price objective on the stock. Credit Suisse Group AG’s target price suggests a potential downside of 0.25% from the company’s previous close.
Shares of Jive Software (NASDAQ:JIVE) traded up 0.50% during mid-day trading on Tuesday, reaching $4.03. 26,309 shares of the company’s stock traded hands. The company’s 50 day moving average is $4.21 and its 200-day moving average is $4.00. Jive Software has a 52 week low of $2.84 and a 52 week high of $5.21. The firm’s market cap is $313.16 million.
Jive Software (NASDAQ:JIVE) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Jive Software had a negative net margin of 15.62% and a negative return on equity of 38.48%. The business had revenue of $51 million for the quarter, compared to analysts’ expectations of $49.80 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. Jive Software’s revenue was up 4.9% compared to the same quarter last year. Equities analysts expect that Jive Software will post $0.04 earnings per share for the current fiscal year.
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In other news, EVP Ofer Ben-David sold 21,875 shares of Jive Software stock in a transaction on Friday, August 5th. The shares were sold at an average price of $3.96, for a total transaction of $86,625.00. Following the transaction, the executive vice president now directly owns 396,625 shares of the company’s stock, valued at $1,570,635. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Sequoia Capital Growth Fund Ii sold 6,520 shares of Jive Software stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $4.09, for a total transaction of $26,666.80. The disclosure for this sale can be found here. Insiders own 10.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in JIVE. American International Group Inc. boosted its position in shares of Jive Software by 21.6% in the second quarter. American International Group Inc. now owns 33,232 shares of the company’s stock worth $125,000 after buying an additional 5,900 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Jive Software by 22.8% in the second quarter. Nationwide Fund Advisors now owns 37,028 shares of the company’s stock worth $139,000 after buying an additional 6,871 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Jive Software during the second quarter worth approximately $142,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Jive Software during the second quarter worth approximately $167,000. Finally, Rhumbline Advisers raised its stake in shares of Jive Software by 2.8% in the second quarter. Rhumbline Advisers now owns 46,661 shares of the company’s stock worth $175,000 after buying an additional 1,265 shares during the last quarter. 57.82% of the stock is currently owned by institutional investors.
Jive Software Company Profile
Jive Software, Inc is a provider of social business platform solutions. The Company’s segment is software sales and services. The Company’s products are primarily offered on a subscription basis, deployable in a private or public cloud and can be used for internal or external communities. The Company’s traditional enterprise software product offerings, based on the Jive platform (the Jive Platform), are provided to customers as cloud-based or on premise solutions.
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