BidaskClub upgraded shares of Imperva Inc (NYSE:IMPV) from a sell rating to a hold rating in a research note published on Tuesday morning.
Several other analysts have also issued reports on IMPV. Zacks Investment Research upgraded shares of Imperva from a hold rating to a strong-buy rating and set a $52.00 price target on the stock in a research report on Wednesday, August 2nd. Evercore ISI set a $56.00 price target on shares of Imperva and gave the stock a buy rating in a research report on Friday, July 28th. Susquehanna Bancshares Inc started coverage on shares of Imperva in a research report on Wednesday, June 7th. They issued a positive rating and a $60.00 price target on the stock. Monness Crespi & Hardt raised their price target on shares of Imperva from $55.00 to $57.00 and gave the stock a buy rating in a research report on Friday, July 28th. Finally, TheStreet upgraded shares of Imperva from a d rating to a c rating in a research report on Thursday, May 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $51.25.
Shares of Imperva (NYSE:IMPV) traded down 0.11% during mid-day trading on Tuesday, hitting $43.65. The stock had a trading volume of 103,800 shares. The stock’s market cap is $1.48 billion. Imperva has a 12-month low of $34.40 and a 12-month high of $57.24. The company’s 50 day moving average price is $46.59 and its 200 day moving average price is $45.51.
Imperva (NYSE:IMPV) last posted its earnings results on Thursday, July 27th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.15. Imperva had a negative net margin of 4.69% and a negative return on equity of 5.00%. The firm had revenue of $74.44 million during the quarter, compared to analyst estimates of $74.30 million. During the same quarter in the previous year, the business posted ($0.23) earnings per share. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. Equities research analysts predict that Imperva will post $0.81 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new position in Imperva during the first quarter worth approximately $102,000. Migdal Insurance & Financial Holdings Ltd. increased its position in Imperva by 26.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,177 shares of the software maker’s stock worth $201,000 after buying an additional 866 shares during the last quarter. Amalgamated Bank acquired a new position in Imperva during the second quarter worth approximately $206,000. Principal Financial Group Inc. acquired a new position in Imperva during the second quarter worth approximately $223,000. Finally, KCG Holdings Inc. acquired a new position in Imperva during the first quarter worth approximately $201,000. 92.72% of the stock is owned by institutional investors.
Imperva Company Profile
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.
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