Needham & Company Starts Stock Coverage on Jive Software (jive)
Equities research analysts at Needham & Company initiated coverage on shares of Jive Software (NASDAQ: jive) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.
Separately, analysts at Robert W. Baird initiated coverage on shares of Jive Software in a research note to investors on Tuesday, February 28th. They set a “neutral” rating and a $21.00 price target on the stock.
Jive Software traded down 1.90% on Wednesday, hitting $18.55. Jive Software has a 1-year low of $14.18 and a 1-year high of $28.15. The company’s market cap is $1.140 billion.
Jive Software last released its earnings data on Tuesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts expect that Jive Software will post $-0.10 EPS next quarter.
Jive Software, Inc. (Jive) provides a social business software platform. The Company’s platform can be provided as a public cloud service or as a private cloud solution.