Shares of IntraLinks Holdings Inc. (NYSE:IL) have earned a consensus broker rating score of 1.00 (Strong Buy) from the five brokers that cover the company, Zacks Investment Research reports. Five research analysts have rated the stock with a strong buy recommendation. IntraLinks Holdings’ rating score has improved by 33.3% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 12-month consensus target price of $13.70 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned IntraLinks Holdings an industry rank of 52 out of 265 based on the ratings given to related companies.
IL has been the topic of a number of research reports. Zacks Investment Research cut shares of IntraLinks Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. B. Riley reissued a “buy” rating and issued a $14.25 price objective on shares of IntraLinks Holdings in a research note on Monday, August 1st. JMP Securities initiated coverage on shares of IntraLinks Holdings in a research note on Thursday, September 22nd. They issued a “market perform” rating and a $13.00 price objective on the stock. Finally, Craig Hallum raised shares of IntraLinks Holdings from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Thursday, August 4th.
Shares of IntraLinks Holdings (NYSE:IL) opened at 10.06 on Monday. IntraLinks Holdings has a 12 month low of $6.22 and a 12 month high of $10.44. The stock’s market cap is $571.25 million. The stock has a 50 day moving average of $9.56 and a 200 day moving average of $8.12.
IntraLinks Holdings (NYSE:IL) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.17. The business earned $73 million during the quarter, compared to analyst estimates of $72.81 million. IntraLinks Holdings had a negative net margin of 8.92% and a negative return on equity of 0.66%. IntraLinks Holdings’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share. On average, equities analysts anticipate that IntraLinks Holdings will post $0.20 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its position in IntraLinks Holdings by 1.2% in the second quarter. American International Group Inc. now owns 23,817 shares of the company’s stock worth $155,000 after buying an additional 281 shares during the period. BlackRock Advisors LLC raised its position in IntraLinks Holdings by 1.2% in the second quarter. BlackRock Advisors LLC now owns 74,527 shares of the company’s stock worth $484,000 after buying an additional 918 shares during the period. Metropolitan Life Insurance Co. NY raised its position in IntraLinks Holdings by 5.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,158 shares of the company’s stock worth $238,000 after buying an additional 1,483 shares during the period. California State Teachers Retirement System raised its position in IntraLinks Holdings by 1.9% in the second quarter. California State Teachers Retirement System now owns 86,755 shares of the company’s stock worth $564,000 after buying an additional 1,653 shares during the period. Finally, JPMorgan Chase & Co. raised its position in IntraLinks Holdings by 36.8% in the second quarter. JPMorgan Chase & Co. now owns 17,846 shares of the company’s stock worth $116,000 after buying an additional 4,796 shares during the period. Institutional investors own 91.72% of the company’s stock.
IntraLinks Holdings Company Profile
Intralinks Holdings, Inc is a technology provider of software-as-a-service (SaaS) solutions for secure enterprise content collaboration within and among organizations. The Company’s cloud-based solutions enable organizations to manage, control, track, search, exchange and collaborate on sensitive information inside and outside the firewall.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for IntraLinks Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IntraLinks Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.