DA Davidson Issues Pessimistic Forecast for Informatica (NYSE:INFA) Stock Price

Informatica (NYSE:INFA) had its target price reduced by DA Davidson from $20.00 to $18.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other brokerages have also commented on INFA. Truist Financial restated a “buy” rating and set a $24.00 price target (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. Wells Fargo & Company downgraded shares of Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. The Goldman Sachs Group cut shares of Informatica from a “buy” rating to a “neutral” rating and dropped their price target for the company from $38.00 to $20.00 in a research report on Friday, February 14th. Guggenheim reissued a “buy” rating and set a $37.00 price objective on shares of Informatica in a report on Friday, January 31st. Finally, Robert W. Baird restated a “neutral” rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Thirteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica has an average rating of “Hold” and an average price target of $24.15.

Informatica Price Performance

INFA stock opened at $17.49 on Monday. Informatica has a 1 year low of $15.65 and a 1 year high of $38.00. The stock has a market capitalization of $5.29 billion, a PE ratio of 583.19, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. The company’s 50-day moving average is $19.18 and its 200-day moving average is $23.58. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. Equities research analysts expect that Informatica will post 0.63 EPS for the current fiscal year.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the transaction, the executive vice president now owns 328,799 shares in the company, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 48.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INFA. Parallel Advisors LLC raised its holdings in shares of Informatica by 540.4% in the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,216 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of Informatica during the 4th quarter valued at $32,000. Versant Capital Management Inc increased its holdings in Informatica by 7,053.8% in the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock worth $32,000 after acquiring an additional 1,834 shares during the last quarter. National Bank of Canada FI raised its stake in Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,644 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Informatica during the fourth quarter valued at about $43,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

About Informatica

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.