Brokerages Set FireEye Inc (NASDAQ:FEYE) Price Target at $20.03

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FireEye Inc (NASDAQ:FEYE) has earned an average rating of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $20.03.

A number of equities analysts recently commented on the company. Zacks Investment Research raised FireEye from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, April 22nd. Evercore ISI reaffirmed a “buy” rating and issued a $25.00 price objective on shares of FireEye in a research note on Sunday, June 2nd. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of FireEye in a research note on Friday, May 31st. BidaskClub raised FireEye from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 30th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price objective on shares of FireEye in a research note on Wednesday, May 29th.

In other news, President Travis M. Reese sold 15,616 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $14.69, for a total transaction of $229,399.04. Following the completion of the sale, the president now owns 885,325 shares in the company, valued at $13,005,424.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Alexa King sold 3,156 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $15.37, for a total value of $48,507.72. Following the sale, the executive vice president now owns 505,060 shares of the company’s stock, valued at approximately $7,762,772.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,229 shares of company stock worth $298,938. Insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB bought a new stake in FireEye during the first quarter worth $4,503,000. Cerebellum GP LLC grew its holdings in FireEye by 5.4% during the first quarter. Cerebellum GP LLC now owns 15,961 shares of the information security company’s stock worth $268,000 after buying an additional 818 shares in the last quarter. Clearbridge Investments LLC grew its holdings in FireEye by 190.2% during the first quarter. Clearbridge Investments LLC now owns 905,980 shares of the information security company’s stock worth $15,211,000 after buying an additional 593,765 shares in the last quarter. Advisors Asset Management Inc. boosted its position in FireEye by 214.7% in the first quarter. Advisors Asset Management Inc. now owns 7,858 shares of the information security company’s stock worth $132,000 after purchasing an additional 5,361 shares during the last quarter. Finally, S Squared Technology LLC boosted its position in FireEye by 10.4% in the first quarter. S Squared Technology LLC now owns 212,251 shares of the information security company’s stock worth $3,564,000 after purchasing an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 79.63% of the company’s stock.

Shares of FireEye stock traded up $0.03 during midday trading on Friday, reaching $14.81. The company had a trading volume of 2,624,717 shares, compared to its average volume of 3,745,761. The stock’s fifty day moving average is $14.69. The company has a current ratio of 2.00, a quick ratio of 1.99 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of -20.57 and a beta of 0.97. FireEye has a fifty-two week low of $13.85 and a fifty-two week high of $20.61.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings data on Tuesday, April 30th. The information security company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.02). The company had revenue of $210.54 million during the quarter, compared to analyst estimates of $210.22 million. FireEye had a negative return on equity of 20.85% and a negative net margin of 29.28%. FireEye’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) earnings per share. Research analysts forecast that FireEye will post -0.58 earnings per share for the current fiscal year.

FireEye Company Profile

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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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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