UBS AG Lowers Price Target on Jive Software (jive)
Equities research analysts at UBS AG (NYSE: UBS) lowered their price target on shares of Jive Software (NASDAQ: jive) from $28.00 to $22.00 in a research note issued to investors on Wednesday. The firm currently has a “neutral” rating on the stock.
A number of other analysts have also recently weighed in on JIVE. Analysts at Goldman Sachs (NYSE: GS) cut their price target on shares of Jive Software from $23.00 to $21.00 in a research note to investors on Wednesday. Separately, analysts at Needham & Company initiated coverage on shares of Jive Software in a research note to investors on Wednesday. They set a “hold” rating on the stock. Finally, 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 2.70% on Wednesday, hitting $18.40. Jive Software has a 52-week low of $14.18 and a 52-week high of $28.15. The company’s market cap is $1.131 billion.
Jive Software last posted its quarterly earnings results 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.