Octave Intelligence plc (NASDAQ:OCTV) Stock Has Average Target Price of $21.71

Octave Intelligence plc (NASDAQ:OCTV) has been given an average recommendation of “Hold” by the eight brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.71.

A number of brokerages have commented on OCTV. Morgan Stanley assumed coverage on Octave Intelligence in a research note on Thursday, September 17th. They issued an “equal weight” rating and a $21.00 target price on the stock. Weiss Ratings assumed coverage on Octave Intelligence in a research report on Monday, August 17th. They issued a “sell (d)” rating on the stock. Finally, Wall Street Zen raised Octave Intelligence to a “hold” rating in a research note on Saturday, July 18th.

Hedge Funds Weigh In On Octave Intelligence

A number of hedge funds have recently added to or reduced their stakes in OCTV. State of Alaska Department of Revenue acquired a new stake in Octave Intelligence in the third quarter valued at approximately $240,000. O Keefe Stevens Advisory Inc. bought a new stake in Octave Intelligence in the third quarter worth approximately $13,173,000. Squarepoint Ops LLC bought a new stake in Octave Intelligence in the second quarter worth approximately $190,000. Finally, Ancora Advisors LLC bought a new stake in Octave Intelligence in the second quarter worth approximately $882,000.

Octave Intelligence Stock Down 0.1%

Shares of NASDAQ:OCTV opened at $20.49 on Wednesday. Octave Intelligence has a 1 year low of $15.41 and a 1 year high of $30.00. The stock’s fifty day moving average price is $19.15.

About Octave Intelligence

Octave Intelligence plc provides various software solutions. Its solutions helps organizations to better understand and manage the environments in which they design, build, operate, and protect their assets, people, and critical infrastructure. Its platform connects data, events, and workflows across various environments and applies context-aware intelligence to help customers understand what is happening, what may happen next, and how actions in one area affect conditions in another. The company serves power generation and utilities, data centers and IT infrastructure operators, heavy construction and public works, industrial process industries, public safety and emergency response agencies, transportation networks and logistics operations, light process industries, and discrete manufacturing industries.