JPMorgan Chase & Co. reaffirmed their market perform rating on shares of Apigee Corp. (NASDAQ:APIC) in a research report sent to investors on Tuesday morning.

Other analysts also recently issued research reports about the company. Nomura downgraded Apigee Corp. from a buy rating to a neutral rating in a research note on Friday, September 9th. Zacks Investment Research upgraded Apigee Corp. from a sell rating to a hold rating in a research note on Tuesday, July 26th. JMP Securities downgraded Apigee Corp. from an outperform rating to a market perform rating in a research note on Monday. Roth Capital downgraded Apigee Corp. from a buy rating to a neutral rating in a research note on Thursday, September 15th. Finally, Credit Suisse Group AG downgraded Apigee Corp. from an outperform rating to a neutral rating and upped their target price for the stock from $17.00 to $17.40 in a research note on Thursday, September 15th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $17.47.

Analyst Recommendations for Apigee Corp. (NASDAQ:APIC)

Shares of Apigee Corp. (NASDAQ:APIC) traded up 0.12% on Tuesday, reaching $17.37. The company’s stock had a trading volume of 15,973 shares. The stock’s market cap is $524.77 million. The firm has a 50 day moving average price of $16.86 and a 200-day moving average price of $12.74. Apigee Corp. has a 12-month low of $5.35 and a 12-month high of $17.84.

Apigee Corp. (NASDAQ:APIC) last issued its earnings results on Wednesday, September 14th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.06. Apigee Corp. had a negative return on equity of 68.81% and a negative net margin of 45.11%. The firm had revenue of $25.10 million for the quarter. During the same quarter in the previous year, the company earned ($0.38) EPS. The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. Equities research analysts expect that Apigee Corp. will post ($0.74) EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Apigee Corp. by 30.1% in the first quarter. State Street Corp now owns 56,565 shares of the company’s stock valued at $471,000 after buying an additional 13,090 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Apigee Corp. by 0.5% in the first quarter. UBS Asset Management Americas Inc. now owns 651,221 shares of the company’s stock worth $5,412,000 after buying an additional 3,327 shares during the period. Geode Capital Management LLC raised its position in Apigee Corp. by 1.7% in the first quarter. Geode Capital Management LLC now owns 52,343 shares of the company’s stock worth $434,000 after buying an additional 900 shares during the period. Bogle Investment Management L P DE bought a new position in Apigee Corp. during the first quarter worth about $399,000. Finally, Renaissance Technologies LLC raised its position in Apigee Corp. by 276.2% in the first quarter. Renaissance Technologies LLC now owns 117,000 shares of the company’s stock worth $972,000 after buying an additional 85,900 shares during the period. Institutional investors and hedge funds own 42.71% of the company’s stock.

About Apigee Corp.

Apigee Corporation (Apigee) is engaged in providing a software platform that allows businesses to design, deploy, and scale application program interfaces (APIs), as a connection layer between their core information technology (IT) systems and data and the applications, with which their customers, partners, employees and other users engage with the business.

5 Day Chart for NASDAQ:APIC

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