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

Other research analysts also recently issued research reports about the stock. Nomura began coverage on shares of FireEye in a research report on Tuesday, August 6th. They set a buy rating and a $16.00 target price on the stock. BMO Capital Markets restated a market perform rating and issued a $16.00 price target (down from $17.00) on shares of FireEye 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 research note on Wednesday, July 31st. Robert W. Baird reiterated a buy rating and set a $23.00 price objective on shares of FireEye in a report on Wednesday, May 29th. Finally, Oppenheimer set a $19.00 price objective on shares of FireEye and gave the stock a buy rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. FireEye presently has a consensus rating of Hold and an average target price of $19.27.

Shares of FEYE stock opened at $13.91 on Friday. FireEye has a fifty-two week low of $12.66 and a fifty-two week high of $20.61. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt-to-equity ratio of 1.30. The stock has a 50 day simple moving average of $13.87 and a two-hundred day simple moving average of $15.22.

FireEye (NASDAQ:FEYE) last posted its quarterly earnings results on Tuesday, July 30th. The information security company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.16. The firm had revenue of $218.00 million for the quarter, compared to analysts’ expectations of $215.45 million. FireEye had a negative return on equity of 19.56% and a negative net margin of 28.13%. FireEye’s revenue was up 7.4% compared to the same quarter last year. On average, analysts forecast that FireEye will post -0.71 earnings per share for the current year.

In other news, CFO Frank Verdecanna sold 10,525 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $13.29, for a total transaction of $139,877.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Travis M. Reese sold 15,616 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $14.69, for a total transaction of $229,399.04. Following the sale, the president now directly owns 885,325 shares of the company’s stock, valued at $13,005,424.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,457 shares of company stock worth $453,216. Corporate insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cutter & CO Brokerage Inc. bought a new position in shares of FireEye in the second quarter valued at approximately $161,000. ETF Managers Group LLC boosted its holdings in FireEye by 14.6% during the 1st quarter. ETF Managers Group LLC now owns 3,348,914 shares of the information security company’s stock worth $56,228,000 after acquiring an additional 426,289 shares during the last quarter. P.A.W. Capital Corp boosted its holdings in FireEye by 10.3% during the 2nd quarter. P.A.W. Capital Corp now owns 160,000 shares of the information security company’s stock worth $2,370,000 after acquiring an additional 15,000 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of FireEye by 263.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 60,465 shares of the information security company’s stock worth $895,000 after acquiring an additional 43,824 shares in the last quarter. Finally, Bourgeon Capital Management LLC bought a new stake in shares of FireEye in the 2nd quarter worth $148,000. 74.10% 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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