InvenSense Given Average Recommendation of “Buy” by Analysts (NASDAQ:INVN), Mar 3, 2014
InvenSense Given Average Recommendation of “Buy” by Analysts (NASDAQ:INVN)
Posted by Shayan Afkhami on Mar 3rd, 2014 // No Comments
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InvenSense logoInvenSense (NASDAQ:INVN) has been given an average recommendation of “Buy” by the twelve brokerages that are covering the stock, Analyst RN reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.80.
InvenSense (NASDAQ:INVN) traded down 0.28% during mid-day trading on Monday, hitting $20.094. 672,922 shares of the company’s stock traded hands. InvenSense has a one year low of $9.09 and a one year high of $22.22. The stock has a 50-day moving average of $20.02 and a 200-day moving average of $18.45. The company has a market cap of $1.764 billion and a P/E ratio of 72.22.
InvenSense (NASDAQ:INVN) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $66.70 million for the quarter, compared to the consensus estimate of $66.84 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts expect that InvenSense will post $0.61 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Evercore Partners raised their price target on shares of InvenSense from $22.00 to $24.00 in a research note on Wednesday, February 26th. Separately, analysts at Robert W. Baird raised their price target on shares of InvenSense from $20.00 to $23.00 in a research note on Tuesday, February 11th. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of InvenSense in a research note on Thursday, January 30th.