DA Davidson Lowers Informatica (NYSE:INFA) Price Target to $18.00

Informatica (NYSE:INFA - Get Free Report) had its price objective decreased by DA Davidson from $20.00 to $18.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the technology company's stock. DA Davidson's target price points to a potential upside of 2.68% from the stock's current price. DA Davidson also issued estimates for Informatica's FY2025 earnings at $0.58 EPS and FY2026 earnings at $0.69 EPS.

A number of other brokerages have also recently issued reports on INFA. Baird R W cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. The Goldman Sachs Group cut Informatica from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Wells Fargo & Company cut Informatica from a "buy" rating to an "equal weight" rating in a report on Friday, February 14th. Truist Financial reiterated a "buy" rating and issued a $24.00 price target (down from $34.00) on shares of Informatica in a research report on Friday, February 14th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $19.00 target price (down from $35.00) on shares of Informatica in a report on Friday, February 14th. Thirteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.15.

Informatica Price Performance

Shares of NYSE INFA traded up $0.14 during trading on Monday, reaching $17.53. The company had a trading volume of 3,597,657 shares, compared to its average volume of 2,121,005. Informatica has a 52 week low of $15.65 and a 52 week high of $35.92. The business's 50 day moving average price is $18.52 and its 200-day moving average price is $23.39. The stock has a market cap of $5.30 billion, a PE ratio of 584.53, a PEG ratio of 4.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica (NYSE:INFA - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported $0.21 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%. Analysts expect that Informatica will post 0.63 earnings per share for the current year.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the transaction, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 48.10% of the company's stock.

Hedge Funds Weigh In On Informatica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INFA. FNY Investment Advisers LLC grew its stake in Informatica by 113.3% in the 1st quarter. FNY Investment Advisers LLC now owns 4,480 shares of the technology company's stock valued at $78,000 after buying an additional 2,380 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Informatica by 3.2% in the first quarter. SG Americas Securities LLC now owns 109,957 shares of the technology company's stock valued at $1,919,000 after purchasing an additional 3,424 shares during the last quarter. L. Roy Papp & Associates LLP increased its stake in shares of Informatica by 1.9% during the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock worth $889,000 after purchasing an additional 961 shares during the period. Parallel Advisors LLC lifted its holdings in Informatica by 540.4% during the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after purchasing an additional 1,216 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Informatica by 1,346.0% in the 1st quarter. GAMMA Investing LLC now owns 20,417 shares of the technology company's stock valued at $3,560,000 after purchasing an additional 19,005 shares during the period. 98.45% of the stock is owned by institutional investors.

Informatica Company Profile

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.