Jive Software, Inc. (NASDAQ:JIVE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $5.00 target price on the stock. Zacks Investment Research’s price target suggests a potential upside of 16.28% from the company’s current price.
According to Zacks, “Jive Software Inc. provides social business software products and services. Its Social Business platform combines the power of big data, enterprise integrations and social collaboration technologies. The Company’s Social Business software combines the power of community software, collaboration software, social networking software and social media monitoring offerings into an integrated platform. Jive Software, Inc. is headquartered in Palo Alto, California. “
Separately, Credit Suisse Group reissued a “neutral” rating and issued a $4.00 target price on shares of Jive Software in a research report on Tuesday, October 18th.
Jive Software (NASDAQ:JIVE) opened at 4.30 on Friday. The company’s market capitalization is $337.27 million. The company’s 50 day moving average price is $4.16 and its 200-day moving average price is $4.12. Jive Software has a 52 week low of $2.84 and a 52 week high of $4.59.
Jive Software (NASDAQ:JIVE) last announced its earnings results on Tuesday, February 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The firm earned $51.70 million during the quarter, compared to analysts’ expectations of $50 million. Jive Software had a negative return on equity of 12.56% and a negative net margin of 6.84%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. Equities research analysts expect that Jive Software will post $0.12 earnings per share for the current year.
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Hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its stake in Jive Software by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 174,970 shares of the company’s stock valued at $658,000 after buying an additional 2,142 shares in the last quarter. potrero capital research llc increased its stake in Jive Software by 1.7% in the second quarter. potrero capital research llc now owns 1,169,984 shares of the company’s stock valued at $4,399,000 after buying an additional 20,000 shares in the last quarter. Palisade Capital Management LLC NJ increased its stake in Jive Software by 1.7% in the third quarter. Palisade Capital Management LLC NJ now owns 1,265,828 shares of the company’s stock valued at $5,392,000 after buying an additional 21,752 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Jive Software by 11.0% in the second quarter. Bank of New York Mellon Corp now owns 234,995 shares of the company’s stock valued at $884,000 after buying an additional 23,234 shares in the last quarter. Finally, Spark Investment Management LLC increased its stake in Jive Software by 12.5% in the third quarter. Spark Investment Management LLC now owns 274,500 shares of the company’s stock valued at $1,169,000 after buying an additional 30,600 shares in the last quarter. 58.84% of the stock is owned by hedge funds and other institutional investors.
Jive Software Company Profile
Jive Software, Inc is a provider of social business platform solutions. The Company’s segment is software sales and services. The Company’s products are primarily offered on a subscription basis, deployable in a private or public cloud and can be used for internal or external communities. The Company’s traditional enterprise software product offerings, based on the Jive platform (the Jive Platform), are provided to customers as cloud-based or on premise solutions.
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