TheStreet upgraded shares of Intevac Inc. (NASDAQ:IVAC) from a sell rating to a hold rating in a report published on Wednesday.
Other equities research analysts have also recently issued reports about the company. B. Riley reaffirmed a neutral rating and set a $6.50 price target on shares of Intevac in a report on Monday, November 7th. Zacks Investment Research raised Intevac from a hold rating to a strong-buy rating and set a $6.50 price target for the company in a report on Thursday, August 4th. Finally, Benchmark Co. set a $7.00 price target on Intevac and gave the company a buy rating in a report on Wednesday, November 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $7.15.
Intevac (NASDAQ:IVAC) opened at 6.35 on Wednesday. Intevac has a 52-week low of $3.99 and a 52-week high of $6.67. The firm’s market capitalization is $132.91 million. The company’s 50-day moving average price is $5.98 and its 200 day moving average price is $5.78.
Intevac (NASDAQ:IVAC) last released its quarterly earnings results on Tuesday, November 1st. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.05. Intevac had a negative return on equity of 17.85% and a negative net margin of 18.95%. The firm earned $22.56 million during the quarter, compared to analysts’ expectations of $21.88 million. During the same period last year, the firm posted ($0.18) EPS. The business’s revenue was up 22.5% on a year-over-year basis. Equities analysts predict that Intevac will post ($0.43) earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. 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 valued at $613,000 after buying an additional 50,000 shares during the period. 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 valued at $1,318,000 after buying an additional 51,161 shares during the period. Finally, 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 valued at $12,012,000 after buying an additional 99,600 shares during the period. 72.98% of the stock is owned by institutional investors.