Shares of Aerohive Networks, Inc. (NYSE:HIVE) have received an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $6.05.

A number of research analysts have recently issued reports on HIVE shares. ValuEngine raised Aerohive Networks from a “strong sell” rating to a “sell” rating in a report on Friday, November 10th. Zacks Investment Research raised Aerohive Networks from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday, November 8th. Finally, Craig Hallum started coverage on Aerohive Networks in a report on Tuesday, October 17th. They set a “buy” rating and a $6.00 price target on the stock.

Shares of Aerohive Networks (NYSE:HIVE) opened at $5.48 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.19 and a quick ratio of 1.95. Aerohive Networks has a 1-year low of $3.02 and a 1-year high of $6.14.

Aerohive Networks (NYSE:HIVE) last released its earnings results on Wednesday, November 1st. The communications equipment provider reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. Aerohive Networks had a negative return on equity of 103.45% and a negative net margin of 17.00%. The business had revenue of $37.07 million for the quarter, compared to the consensus estimate of $38.41 million. During the same period in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. analysts anticipate that Aerohive Networks will post -0.43 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Royce & Associates LP purchased a new stake in Aerohive Networks in the third quarter worth about $4,116,000. Yiheng Capital LLC increased its position in Aerohive Networks by 56.9% in the third quarter. Yiheng Capital LLC now owns 1,863,083 shares of the communications equipment provider’s stock worth $7,620,000 after buying an additional 675,814 shares in the last quarter. Boston Partners increased its position in Aerohive Networks by 25.8% in the third quarter. Boston Partners now owns 3,130,549 shares of the communications equipment provider’s stock worth $12,804,000 after buying an additional 641,667 shares in the last quarter. Russell Investments Group Ltd. increased its position in Aerohive Networks by 51.6% in the third quarter. Russell Investments Group Ltd. now owns 1,601,790 shares of the communications equipment provider’s stock worth $6,551,000 after buying an additional 544,890 shares in the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new stake in Aerohive Networks in the second quarter worth about $2,487,000. Institutional investors own 46.29% of the company’s stock.

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About Aerohive Networks

Aerohive Networks, Inc together with its subsidiaries, has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy and manage a mobile-centric network edge. Its portfolio of products and solutions is built around sets of technologies and solutions, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.

Analyst Recommendations for Aerohive Networks (NYSE:HIVE)

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