BidaskClub upgraded shares of FireEye (NASDAQ:FEYE) from a strong sell rating to a sell rating in a research report sent to investors on Friday, BidAskClub reports.

A number of other analysts have also issued reports on FEYE. Bank of America set a $20.00 target price on shares of FireEye and gave the stock a buy rating in a research report on Wednesday, July 31st. Oppenheimer set a $19.00 price target on shares of FireEye and gave the company a buy rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. set a $20.00 price target on shares of FireEye and gave the company a buy rating in a report on Wednesday, July 31st. Evercore ISI reiterated a buy rating and issued a $25.00 price target on shares of FireEye in a report on Sunday, June 2nd. Finally, Nomura began coverage on shares of FireEye in a report on Tuesday, August 6th. They issued a buy rating and a $16.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. FireEye has an average rating of Hold and an average target price of $19.27.

Shares of NASDAQ FEYE opened at $14.30 on Friday. FireEye has a 1 year low of $12.66 and a 1 year high of $20.61. The firm’s 50 day moving average price is $13.66 and its 200 day moving average price is $15.14. The firm has a market cap of $3.07 billion, a P/E ratio of -19.86 and a beta of 0.96. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.55 and a current ratio of 1.56.

FireEye (NASDAQ:FEYE) last announced its earnings results on Tuesday, July 30th. The information security company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.16. FireEye had a negative net margin of 28.13% and a negative return on equity of 19.56%. The firm had revenue of $218.00 million for the quarter, compared to analyst estimates of $215.45 million. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts predict that FireEye will post -0.71 EPS for the current year.

In other FireEye news, EVP William T. Robbins sold 6,316 shares of FireEye stock in a transaction on Friday, August 16th. The shares were sold at an average price of $13.29, for a total value of $83,939.64. Following the transaction, the executive vice president now owns 411,357 shares in the company, valued at approximately $5,466,934.53. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Frank Verdecanna sold 10,525 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $13.29, for a total transaction of $139,877.25. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Oakworth Capital Inc. purchased a new position in shares of FireEye in the 2nd quarter valued at $26,000. Enterprise Trust & Investment Co purchased a new position in shares of FireEye in the 2nd quarter valued at $89,000. Oppenheimer Asset Management Inc. purchased a new position in shares of FireEye in the 2nd quarter valued at $95,000. TRUE Private Wealth Advisors purchased a new position in shares of FireEye in the 2nd quarter valued at $131,000. Finally, Advisors Asset Management Inc. raised its stake in shares of FireEye by 214.7% in the 1st quarter. Advisors Asset Management Inc. now owns 7,858 shares of the information security company’s stock valued at $132,000 after acquiring an additional 5,361 shares during the period. 71.31% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for FireEye (NASDAQ:FEYE)

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