Octave Intelligence plc (NASDAQ:OCTV) Receives $21.83 Consensus Target Price from Analysts

Octave Intelligence plc (NASDAQ:OCTV) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $21.8333.

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Octave Intelligence to a “hold” rating in a research note on Saturday, July 18th. Guggenheim started coverage on shares of Octave Intelligence in a report on Thursday, May 28th. They set a “buy” rating and a $30.00 price objective on the stock. Royal Bank Of Canada initiated coverage on shares of Octave Intelligence in a report on Tuesday, June 2nd. They set a “sector perform” rating and a $21.00 price objective on the stock. Evercore began coverage on shares of Octave Intelligence in a research report on Friday, June 12th. They issued an “in-line” rating and a $20.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on shares of Octave Intelligence in a research note on Monday, June 1st. They issued a “neutral” rating and a $17.00 target price for the company.

Octave Intelligence Stock Performance

Shares of OCTV stock opened at $19.59 on Tuesday. Octave Intelligence has a 1-year low of $15.41 and a 1-year high of $30.00. The stock’s fifty day simple moving average is $18.07.

Institutional Trading of Octave Intelligence

An institutional investor recently bought a new stake in Octave Intelligence stock. Ancora Advisors LLC acquired a new position in Octave Intelligence plc (NASDAQ:OCTV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 54,080 shares of the company’s stock, valued at approximately $882,000.