March 23, 2017

Here's Why FireEye (FEYE) Stock Popped 8% Today

21 March 2017, 02:21 | Megan Pierce

Bank of America Merrill Lynch plugged into Fire Eye stock this morning. Image source Getty Images

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Company shares have received an average consensus rating of Hold for the current week FireEye, Inc.

Today, FireEye (NASDAQ:FEYE) stock received an upgrade by Bank of America Corp from Neutral to Buy with a price target of $18.00.

Several hedge funds have recently made changes to their positions in FEYE. Standpoint Research initiated coverage on shares of FireEye in a research note on Friday, January 13th. FireEye has a 12-month low of $10.35 and a 12-month high of $19.17. The stock traded with the volume of 17.14 Million shares in the last trading session. First Analysis raised FireEye from an "underweight" rating to an "equal weight" rating and set a $11.00 price target on the stock in a research report on Friday, February 3rd. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company's stock. Finally, Wedbush restated a "neutral" rating and issued a $11.00 target price on shares of FireEye in a research note on Thursday, February 16th.

The company's stock now has 1.9 Billion in market capitalization. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.50 on scale of 1-5. That high comes in between the string of seven consecutive highs ($11.85 to $12.05) from February 14 through February 23. Following the sale, the executive vice president now directly owns 499,834 shares of the company's stock, valued at $5,658,120.88. The stock was sold at an average price of $11.32, for a total value of $326,242.40. These analysts and investment firms use various valuation methods to decide a price target for a stock.

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Considering the performance, FireEye, Inc. Also, CEO Kevin R. Mandia sold 112,581 shares of the stock in a transaction on Wednesday, January 4th. Neville Rodie & Shaw Inc. boosted its stake in FireEye by 7.3% in the third quarter. FireEye has recorded a 50-day average of $11.38 and a two hundred day average of $12.82. FireEye had a negative return on equity of 37.85% and a negative net margin of 67.23%. All of these Earnings estimates are a consensus recommendation of 30 Analysts. While the actual EPS the company reported in the same quarter previous year was -0.47/share. Equities research analysts anticipate that FireEye will post ($0.48) EPS for the current fiscal year. They expect $-0.57 EPS, up 31.33% or $0.26 from last year's $-0.83 per share. Reese Travis M. sold $264,284 worth of stock. TRUE Private Wealth Advisors increased its stake in FireEye by 6.3% in the third quarter. Handelsinvest Investeringsforvaltning now owns 54,000 shares of the information security company's stock valued at $795,000 after buying an additional 17,000 shares during the last quarter.

With FireEye stock now profitless and valued at a negative P/E ratio, it shouldn't take a whole lot of good news to move the stock back up. Cutter & CO Brokerage Inc. bought a new stake in FireEye during the fourth quarter worth about $136,000. Finally, Handelsinvest Investeringsforvaltning boosted its stake in FireEye by 45.9% in the third quarter.

FireEye Inc. provides security platform for cyber-attacks to enterprises and governments. Wunderlich reinitiated FireEye Inc (NASDAQ:FEYE) on Tuesday, September 13 with "Hold" rating.

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