FireEye (NASDAQ:FEYE) has been given a $23.00 target price by research analysts at Robert W. Baird in a report released on Wednesday, TipRanks reports. The firm currently has a “buy” rating on the information security company’s stock. Robert W. Baird’s target price indicates a potential upside of 52.52% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on FEYE. SunTrust Banks assumed coverage on shares of FireEye in a research note on Wednesday, October 2nd. They issued a “hold” rating and a $15.00 price objective for the company. Mizuho set a $16.00 price objective on shares of FireEye and gave the company a “hold” rating in a research note on Wednesday. BidaskClub raised shares of FireEye from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Northland Securities reaffirmed a “buy” rating and issued a $19.00 price objective on shares of FireEye in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. set a $20.00 price objective on shares of FireEye and gave the company a “buy” rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.72.
FEYE stock traded up $0.27 during midday trading on Wednesday, reaching $15.08. The company had a trading volume of 3,550,285 shares, compared to its average volume of 3,682,733. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.56 and a quick ratio of 1.55. FireEye has a 1 year low of $12.66 and a 1 year high of $20.61. The company has a market capitalization of $3.22 billion, a P/E ratio of -20.94 and a beta of 0.96. The firm has a 50-day moving average price of $13.70 and a 200-day moving average price of $14.79.
In other FireEye news, CFO Frank Verdecanna sold 10,525 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $13.29, for a total transaction of $139,877.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William T. Robbins sold 6,316 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $13.29, for a total transaction of $83,939.64. Following the sale, the executive vice president now directly owns 411,357 shares of the company’s stock, valued at approximately $5,466,934.53. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in FEYE. Oakworth Capital Inc. purchased a new stake in FireEye during the 2nd quarter valued at $26,000. Enterprise Trust & Investment Co purchased a new stake in FireEye during the 2nd quarter valued at $89,000. Oppenheimer Asset Management Inc. bought a new position in FireEye in the 2nd quarter worth $95,000. TRUE Private Wealth Advisors bought a new position in FireEye in the 2nd quarter worth $131,000. Finally, Hilton Capital Management LLC bought a new position in FireEye in the 1st quarter worth $140,000. 71.31% of the stock is owned by institutional investors and hedge funds.
FireEye, Inc provides cybersecurity solutions that allow organizations to prepare for, prevent, investigate, respond to, and remediate cyber-attacks. The company provides threat detection and prevention solutions, including network security solutions, email security solutions, endpoint security solutions, and customer support and maintenance services.
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