Intevac Inc. (NASDAQ:IVAC) was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
Several other analysts also recently commented on IVAC. B. Riley reaffirmed a “neutral” rating and set a $6.50 price objective on shares of Intevac in a research note on Wednesday, November 2nd. Benchmark Co. set a $7.00 target price on Intevac and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Finally, Zacks Investment Research downgraded Intevac from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Intevac has a consensus rating of “Buy” and an average target price of $7.15.
Shares of Intevac (NASDAQ:IVAC) remained flat at $6.50 during trading on Wednesday. The company had a trading volume of 10,292 shares. The company has a 50 day moving average of $5.98 and a 200 day moving average of $5.75. The firm’s market cap is $136.04 million. Intevac has a 1-year low of $3.99 and a 1-year high of $6.67.
Intevac (NASDAQ:IVAC) last posted its quarterly earnings data on Tuesday, November 1st. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. The firm earned $22.56 million during the quarter, compared to the consensus estimate of $21.88 million. Intevac had a negative return on equity of 17.85% and a negative net margin of 18.95%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.18) EPS. On average, analysts predict that Intevac will post ($0.43) EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in IVAC. Royce & Associates LP boosted its stake in Intevac by 4.9% in the second quarter. Royce & Associates LP now owns 2,114,840 shares of the company’s stock worth $12,012,000 after buying an additional 99,600 shares in the last quarter. Teton Advisors Inc. boosted its stake in Intevac by 28.3% in the second quarter. Teton Advisors Inc. now owns 232,030 shares of the company’s stock worth $1,318,000 after buying an additional 51,161 shares in the last quarter. Finally, Bridgeway Capital Management Inc. boosted its stake in Intevac by 86.3% in the second quarter. Bridgeway Capital Management Inc. now owns 107,933 shares of the company’s stock worth $613,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 73.37% of the company’s stock.