FireEye Inc (FEYE) Receives Average Rating of “Hold” from Brokerages

Shares of FireEye Inc (NASDAQ:FEYE) have been assigned a consensus recommendation of “Hold” from the twenty-eight analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $17.78.

A number of brokerages recently weighed in on FEYE. Cowen reaffirmed a “hold” rating and issued a $15.00 target price on shares of FireEye in a research note on Thursday, October 12th. Northland Securities set a $22.00 target price on shares of FireEye and gave the company a “buy” rating in a research note on Thursday, October 12th. Evercore ISI set a $20.00 target price on shares of FireEye and gave the company a “buy” rating in a research note on Sunday, October 15th. Oppenheimer lowered their target price on shares of FireEye from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. Finally, BMO Capital Markets lowered their target price on shares of FireEye from $17.00 to $16.00 and set a “market perform” rating on the stock in a research note on Thursday, November 2nd.

In other FireEye news, Director Ronald E. F. Codd sold 6,767 shares of FireEye stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $13.57, for a total transaction of $91,828.19. Following the transaction, the director now directly owns 7,099 shares of the company’s stock, valued at $96,333.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Several institutional investors have recently modified their holdings of FEYE. The Manufacturers Life Insurance Company grew its holdings in shares of FireEye by 30.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,623 shares of the information security company’s stock worth $101,000 after purchasing an additional 1,528 shares during the last quarter. Resources Investment Advisors Inc. grew its holdings in shares of FireEye by 96.9% in the fourth quarter. Resources Investment Advisors Inc. now owns 7,330 shares of the information security company’s stock worth $104,000 after purchasing an additional 3,607 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of FireEye in the third quarter worth approximately $129,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of FireEye by 15.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,134 shares of the information security company’s stock worth $141,000 after purchasing an additional 1,252 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of FireEye in the fourth quarter worth approximately $146,000. Hedge funds and other institutional investors own 68.18% of the company’s stock.

Shares of FireEye (NASDAQ:FEYE) opened at $13.97 on Tuesday. The firm has a market cap of $2,580.00, a P/E ratio of -8.42 and a beta of 0.57. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.99 and a quick ratio of 1.98. FireEye has a one year low of $10.35 and a one year high of $18.00.

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About FireEye

FireEye, Inc provides intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber-attacks. The Company offers various products, such as Threat Detection and Prevention Solutions, which include network security products (NX and Multi-vector Virtual Execution (MVX) Compute Node Series), e-mail security products (EX Series and e-mail threat prevention cloud (ETP), endpoint security products (HX Series) and content security products (FX Series); security management and orchestration products, which include Central Management System and FireEye Security Orchestrator, and forensics and investigation products, which include Threat Analytics Platform (TAP), Malware Analysis (AX Series) and Enterprise Forensics (PX Series and IA Series).

Analyst Recommendations for FireEye (NASDAQ:FEYE)

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