Analysts Set Informatica Inc. (NYSE:INFA) Price Target at $24.67

Informatica Inc. (NYSE:INFA) has been given a consensus rating of “Hold” by the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.67.

INFA has been the topic of a number of recent analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $19.00 price target (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. Baird R W cut Informatica from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Cantor Fitzgerald initiated coverage on Informatica in a report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target for the company. Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a research report on Friday, February 14th. Finally, Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th.

Informatica Stock Performance

Shares of INFA stock opened at $18.12 on Wednesday. The stock’s 50-day moving average price is $21.31 and its 200 day moving average price is $24.33. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $5.48 billion, a PE ratio of 604.03, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. Informatica has a 52-week low of $16.37 and a 52-week high of $39.80.

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

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the transaction, the executive vice president now directly owns 328,799 shares of the company’s stock, valued at $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 48.10% of the stock is owned by corporate insiders.

Institutional Trading of Informatica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new stake in shares of Informatica during the fourth quarter worth about $32,000. Quarry LP purchased a new stake in Informatica in the 3rd quarter worth approximately $38,000. National Bank of Canada FI lifted its stake in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,644 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Informatica during the fourth quarter worth $43,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Informatica in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Company Profile

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.