BidaskClub Upgrades Imperva (IMPV) to “Hold”

Imperva (NASDAQ:IMPV) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

IMPV has been the topic of a number of other reports. Piper Jaffray Companies reissued a “neutral” rating and issued a $58.00 price target on shares of Imperva in a report on Friday, October 13th. JPMorgan Chase & Co. cut Imperva from a “neutral” rating to an “underweight” rating and set a $45.00 price objective on the stock. in a report on Tuesday, December 12th. KeyCorp reaffirmed a “hold” rating on shares of Imperva in a report on Tuesday, October 24th. Evercore ISI reaffirmed a “buy” rating and set a $56.00 price objective on shares of Imperva in a report on Wednesday, November 8th. Finally, William Blair cut Imperva from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $51.86.

Imperva (NASDAQ IMPV) opened at $42.10 on Friday. Imperva has a 52 week low of $37.17 and a 52 week high of $52.40. The stock has a market capitalization of $1,448.99, a P/E ratio of 155.93 and a beta of 1.79.

Imperva (NASDAQ:IMPV) last posted its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.11. Imperva had a negative return on equity of 8.52% and a net margin of 3.04%. The company had revenue of $83.89 million for the quarter, compared to analysts’ expectations of $83.79 million. During the same period in the previous year, the firm earned $0.08 EPS. The firm’s revenue was up 22.6% compared to the same quarter last year. equities analysts expect that Imperva will post -0.52 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Imperva by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,439,240 shares of the software maker’s stock valued at $116,718,000 after acquiring an additional 99,799 shares during the last quarter. BlackRock Inc. grew its position in Imperva by 11.3% in the 2nd quarter. BlackRock Inc. now owns 2,124,043 shares of the software maker’s stock valued at $101,635,000 after acquiring an additional 215,170 shares during the last quarter. Eagle Asset Management Inc. grew its position in Imperva by 1.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,294,651 shares of the software maker’s stock valued at $55,928,000 after acquiring an additional 14,803 shares during the last quarter. Alyeska Investment Group L.P. grew its position in shares of Imperva by 89.3% during the 3rd quarter. Alyeska Investment Group L.P. now owns 907,615 shares of the software maker’s stock worth $39,390,000 after buying an additional 428,163 shares in the last quarter. Finally, ETF Managers Group LLC bought a new position in shares of Imperva during the 2nd quarter worth $41,888,000. 96.93% of the stock is currently owned by institutional investors.

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About Imperva

Imperva, Inc provides cyber-security solutions that protect business-critical data and applications whether in the cloud or on premises. The Company is engaged in the development, marketing, sales, service and support of cyber-security solutions. The Company’s products include its Imperva SecureSphere Paltform, Imperva CounterBreach and Imperva Camouflage for enterprise data centers, and Imperva Incapsula offering for cloud-based security services.

Analyst Recommendations for Imperva (NASDAQ:IMPV)

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