Pacific Crest Downgrades Imperva (IMPV) to Sector Weight

August 30, 2016 6:59 AM EDT
Get Alerts IMPV Hot Sheet
Price: $37.30 --0%

Rating Summary:
    17 Buy, 12 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 1 | Down: 4 | New: 6
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Pacific Crest downgraded Imperva (NYSE: IMPV) from Overweight to Sector Weight and removed its price target. Analyst Rob Owens said shares could be pressure if a sale is not "consummated in imminent fashion."

"Since Imperva announced the details surrounding its weaker-than-expected Q2 results on Aug. 4, shares have appreciated 3.6%. We believe this move is attributable to management's indication that the board had commenced a review of strategic alternatives and has created a less compelling investor return profile at current levels. Further, were the company not to find a suitor in the near term, we see no chance of fundamentals showing marked improvement anytime soon," said Owens.

For an analyst ratings summary and ratings history on Imperva click here. For more ratings news on Imperva click here.

Shares of Imperva closed at $46.64 yesterday.

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