Octave Intelligence plc (NASDAQ:OCTV) Stock Has Consensus Target Price of $21.71

Shares of Octave Intelligence plc (NASDAQ:OCTV) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.71.

OCTV has been the subject of a number of analyst reports. Morgan Stanley began coverage on Octave Intelligence in a research report on Thursday, September 17th. They issued an “equal weight” rating and a $21.00 price target for the company. Weiss Ratings started coverage on Octave Intelligence in a report on Monday, August 17th. They set a “sell (d)” rating on the stock. Finally, Wall Street Zen raised Octave Intelligence to a “hold” rating in a report on Saturday, July 18th.

Institutional Investors Weigh In On Octave Intelligence

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in Octave Intelligence during the second quarter worth approximately $190,000. State of Alaska Department of Revenue acquired a new position in Octave Intelligence during the third quarter valued at approximately $240,000. Ancora Advisors LLC bought a new stake in shares of Octave Intelligence during the 2nd quarter worth $882,000. Finally, O Keefe Stevens Advisory Inc. bought a new stake in shares of Octave Intelligence during the 3rd quarter worth $13,173,000.

Octave Intelligence Stock Performance

Octave Intelligence stock opened at $20.49 on Wednesday. Octave Intelligence has a one year low of $15.41 and a one year high of $30.00. The stock’s fifty day simple moving average is $19.15.

About Octave Intelligence

Octave Intelligence plc provides various software solutions. Its solutions helps organizations to better understand and manage the environments in which they design, build, operate, and protect their assets, people, and critical infrastructure. Its platform connects data, events, and workflows across various environments and applies context-aware intelligence to help customers understand what is happening, what may happen next, and how actions in one area affect conditions in another. The company serves power generation and utilities, data centers and IT infrastructure operators, heavy construction and public works, industrial process industries, public safety and emergency response agencies, transportation networks and logistics operations, light process industries, and discrete manufacturing industries.