Informatica Inc. (NYSE:INFA) Receives Consensus Recommendation of “Hold” from Analysts

Informatica Inc. (NYSE:INFA) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $24.67.

Several brokerages have recently commented on INFA. The Goldman Sachs Group downgraded Informatica from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Truist Financial reiterated a “buy” rating and issued a $24.00 price objective (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Wedbush lowered shares of Informatica to a “neutral” rating in a research report on Friday, February 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $19.00 target price (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. Finally, Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th.

Informatica Stock Performance

NYSE INFA opened at $17.68 on Wednesday. The firm has a market capitalization of $5.35 billion, a P/E ratio of 589.43, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm’s fifty day moving average price is $21.02 and its two-hundred day moving average price is $24.21. Informatica has a 1 year low of $16.37 and a 1 year high of $39.80.

Informatica (NYSE:INFA) last issued its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. As a group, research analysts anticipate that Informatica will post 0.63 EPS for the current year.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 48.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Informatica

A number of hedge funds have recently made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new stake in Informatica in the fourth quarter valued at approximately $32,000. Quarry LP acquired a new position in Informatica in the 3rd quarter worth about $38,000. National Bank of Canada FI raised its position in Informatica by 3,288.0% in the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,644 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Informatica during the fourth quarter worth about $43,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Informatica in the fourth quarter valued at approximately $54,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

About Informatica

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.