FireEye (FEYE) Stock Rating Reaffirmed by Wedbush
FireEye (NASDAQ:FEYE)‘s stock had its “neutral” rating reissued by equities researchers at Wedbush in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $17.00 price target on the information security company’s stock. Wedbush’s price target indicates a potential upside of 16.52% from the stock’s current price.
Several other research analysts also recently weighed in on FEYE. Zacks Investment Research downgraded FireEye from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. BidaskClub upgraded FireEye from a “strong sell” rating to a “sell” rating in a research note on Thursday. Robert W. Baird reiterated a “buy” rating and set a $23.00 price target on shares of FireEye in a research note on Wednesday. Finally, Mizuho assumed coverage on FireEye in a research note on Tuesday, March 26th. They set a “neutral” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.56.
Shares of FEYE stock opened at $14.59 on Friday. FireEye has a 1-year low of $13.85 and a 1-year high of $20.61. The company has a current ratio of 2.00, a quick ratio of 1.99 and a debt-to-equity ratio of 1.69.
In other FireEye news, EVP Alexa King sold 3,156 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $15.37, for a total transaction of $48,507.72. Following the sale, the executive vice president now owns 505,060 shares in the company, valued at approximately $7,762,772.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.40% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of FEYE. Clearbridge Investments LLC lifted its holdings in shares of FireEye by 190.2% in the 1st quarter. Clearbridge Investments LLC now owns 905,980 shares of the information security company’s stock valued at $15,211,000 after buying an additional 593,765 shares during the period. Cerebellum GP LLC lifted its holdings in shares of FireEye by 5.4% in the 1st quarter. Cerebellum GP LLC now owns 15,961 shares of the information security company’s stock valued at $268,000 after buying an additional 818 shares during the period. Nordea Investment Management AB acquired a new position in shares of FireEye in the 1st quarter valued at about $4,503,000. BlueMountain Capital Management LLC lifted its holdings in shares of FireEye by 149.3% in the 1st quarter. BlueMountain Capital Management LLC now owns 98,476 shares of the information security company’s stock valued at $1,653,000 after buying an additional 58,977 shares during the period. Finally, Baker Avenue Asset Management LP acquired a new position in shares of FireEye in the 1st quarter valued at about $698,000. Institutional investors and hedge funds own 79.81% of the company’s stock.
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.
Further Reading: Understanding debt-to-equity ratio in fundamental analysis
Receive News & Ratings for FireEye Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FireEye and related companies with MarketBeat.com's FREE daily email newsletter.