Imperva Inc (IMPV) Receives Consensus Rating of “Hold” from Brokerages

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Shares of Imperva Inc (NASDAQ:IMPV) have been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $57.06.

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Imperva from $45.00 to $48.00 and gave the company an “underweight” rating in a research note on Friday, July 27th. Monness Crespi & Hardt cut Imperva from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Friday, July 27th. DA Davidson cut Imperva from a “buy” rating to a “neutral” rating and reduced their target price for the company from $56.00 to $46.00 in a research note on Friday, July 27th. Oppenheimer cut Imperva from an “outperform” rating to a “market perform” rating and set a $70.00 target price for the company. in a research note on Friday, July 27th. Finally, UBS Group cut Imperva from an “outperform” rating to a “market perform” rating in a research note on Friday, July 27th.

Shares of Imperva stock traded up $0.11 on Wednesday, hitting $55.47. 1,953,200 shares of the company’s stock traded hands, compared to its average volume of 455,956. The stock has a market cap of $1.61 billion, a P/E ratio of -197.71 and a beta of 1.72. Imperva has a 52-week low of $37.17 and a 52-week high of $57.65.

Imperva (NASDAQ:IMPV) last released its earnings results on Thursday, July 26th. The software maker reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.07. The company had revenue of $84.80 million during the quarter, compared to analysts’ expectations of $87.22 million. Imperva had a negative return on equity of 6.92% and a negative net margin of 8.59%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. Equities analysts forecast that Imperva will post -1.15 EPS for the current year.

Several hedge funds have recently bought and sold shares of IMPV. Schwab Charles Investment Management Inc. raised its position in shares of Imperva by 3.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 161,722 shares of the software maker’s stock valued at $7,003,000 after acquiring an additional 5,665 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Imperva by 137.6% during the 1st quarter. Federated Investors Inc. PA now owns 26,719 shares of the software maker’s stock valued at $1,157,000 after acquiring an additional 15,474 shares in the last quarter. California Public Employees Retirement System acquired a new stake in shares of Imperva during the 1st quarter valued at approximately $244,000. Russell Investments Group Ltd. raised its position in shares of Imperva by 276.2% during the 1st quarter. Russell Investments Group Ltd. now owns 2,588 shares of the software maker’s stock valued at $112,000 after acquiring an additional 1,900 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Imperva by 73.1% during the 1st quarter. GSA Capital Partners LLP now owns 13,511 shares of the software maker’s stock valued at $585,000 after acquiring an additional 5,704 shares in the last quarter. 99.99% of the stock is currently owned by institutional investors and hedge funds.

Imperva Company Profile

Imperva, Inc engages in the development, market, sale, and support of cyber security solutions that protect business critical data and applications in the cloud or on premises worldwide. The company's SecureSphere product line provides database, file, and Web application security in various data centers, including on-premises data centers, as well as in private, public, and hybrid cloud computing environments.

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Analyst Recommendations for Imperva (NASDAQ:IMPV)

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