Analysts Set Aerohive Networks Inc. (HIVE) Price Target at $6.08
Aerohive Networks Inc. (NYSE:HIVE) has earned a consensus recommendation of “Hold” from the nine research firms that are covering the firm. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $6.08.
Several research analysts have issued reports on the stock. Wunderlich lowered shares of Aerohive Networks from a “buy” rating to a “hold” rating and decreased their price target for the stock from $8.00 to $5.00 in a research report on Friday, October 14th. Piper Jaffray Cos. restated an “overweight” rating and issued a $7.50 price target (up previously from $7.20) on shares of Aerohive Networks in a research report on Friday, August 5th. Buckingham Research lowered shares of Aerohive Networks from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $8.00 to $5.00 in a research report on Friday, October 14th. Zacks Investment Research lowered shares of Aerohive Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a $6.00 price target (down previously from $7.00) on shares of Aerohive Networks in a research report on Saturday, October 15th.
ILLEGAL ACTIVITY NOTICE: “Analysts Set Aerohive Networks Inc. (HIVE) Price Target at $6.08” was reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another publication, it was illegally copied and republished in violation of US and international trademark and copyright law. The original version of this report can be accessed at http://www.dailypolitical.com/2016/11/29/analysts-set-aerohive-networks-inc-hive-price-target-at-6-08.html.
Shares of Aerohive Networks (NYSE:HIVE) opened at 5.53 on Friday. Aerohive Networks has a 12-month low of $4.08 and a 12-month high of $7.45. The stock’s 50 day moving average price is $5.42 and its 200-day moving average price is $6.27. The firm’s market capitalization is $241.14 million.
Aerohive Networks (NYSE:HIVE) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The firm had revenue of $40.40 million for the quarter, compared to analyst estimates of $40 million. Aerohive Networks had a negative net margin of 21.26% and a negative return on equity of 107.34%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.12) earnings per share. On average, equities analysts expect that Aerohive Networks will post ($0.28) EPS for the current year.
Several large investors have recently modified their holdings of the stock. Highbridge Capital Management LLC bought a new stake in shares of Aerohive Networks during the third quarter worth about $141,000. D. E. Shaw & Co. Inc. raised its stake in shares of Aerohive Networks by 43.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 247,322 shares of the company’s stock worth $1,506,000 after buying an additional 74,550 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Aerohive Networks during the third quarter worth about $117,000. United Services Automobile Association raised its stake in shares of Aerohive Networks by 10.9% in the third quarter. United Services Automobile Association now owns 568,890 shares of the company’s stock worth $3,465,000 after buying an additional 56,000 shares during the period. Finally, SECOR Capital Advisors LP bought a new stake in shares of Aerohive Networks during the third quarter worth about $374,000. 57.15% of the stock is owned by institutional investors.
Aerohive Networks Company Profile
Aerohive Networks, Inc, together with its subsidiaries, is engaged in designing and development of a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge. The Company’s portfolio of products and solutions is built around sets of technologies and capabilities, which include Enterprise Cloud Networking, Wireless Fidelity (Wi-Fi) Connectivity and Application and Insights.
Receive News & Ratings for Aerohive Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerohive Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.