Standpoint Research began coverage on shares of FireEye Inc. (NASDAQ:FEYE) in a report issued on Friday morning. The brokerage issued a buy rating and a $18.00 target price on the information security company’s stock.
A number of other equities analysts also recently weighed in on the company. Goldman Sachs Group Inc. downgraded FireEye from a neutral rating to a sell rating and lowered their price target for the stock from $15.00 to $11.00 in a research report on Tuesday, November 22nd. Wells Fargo & Company restated a market perform rating on shares of FireEye in a report on Monday, September 26th. Zacks Investment Research upgraded FireEye from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Tuesday, September 20th. Raymond James Financial Inc. restated a market perform rating on shares of FireEye in a report on Monday, November 7th. Finally, Imperial Capital restated an in-line rating and set a $15.00 price objective on shares of FireEye in a report on Friday, November 11th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the company. FireEye currently has an average rating of Hold and an average target price of $18.52.
Shares of FireEye (NASDAQ:FEYE) opened at 13.06 on Friday. The company’s 50-day moving average price is $12.84 and its 200-day moving average price is $14.05. FireEye has a 12-month low of $10.87 and a 12-month high of $19.63. The firm’s market capitalization is $2.23 billion.
FireEye (NASDAQ:FEYE) last announced its quarterly earnings results on Thursday, November 3rd. The information security company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.13. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $42.65 million. FireEye had a negative return on equity of 44.91% and a negative net margin of 77.67%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.37) earnings per share. Analysts anticipate that FireEye will post ($1.13) EPS for the current year.
In other news, EVP William T. Robbins sold 54,786 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $11.64, for a total transaction of $637,709.04. Following the transaction, the executive vice president now owns 270,214 shares of the company’s stock, valued at approximately $3,145,290.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David G. Dewalt sold 151,644 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $11.64, for a total transaction of $1,765,136.16. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Fort Point Capital Partners LLC bought a new position in FireEye during the third quarter worth about $207,000. D.A. Davidson & CO. boosted its position in shares of FireEye by 3.3% in the third quarter. D.A. Davidson & CO. now owns 56,424 shares of the information security company’s stock valued at $829,000 after buying an additional 1,805 shares during the last quarter. LPL Financial LLC acquired a new position in shares of FireEye during the third quarter valued at $512,000. Salem Investment Counselors Inc. acquired a new position in shares of FireEye during the third quarter valued at $138,000. Finally, Verition Fund Management LLC boosted its position in shares of FireEye by 68.3% in the third quarter. Verition Fund Management LLC now owns 20,700 shares of the information security company’s stock valued at $305,000 after buying an additional 8,400 shares during the last quarter. 57.50% of the stock is currently owned by institutional investors.
FireEye Company Profile
FireEye, Inc provides cybersecurity solution for detecting, preventing and resolving cyber-attacks. The Company’s cybersecurity solutions combine its purpose-built virtual-machine technology, threat intelligence and security in a suite of products and services. The Company’s cybersecurity platform includes a family of software-based appliances, endpoint agents, cloud-based subscription services, support and maintenance and other services.