Wells Fargo Starts Jive Software (JIVE) at Market Perform; Well-Positioned, But Risk-Reward Balanced Presently

January 23, 2012 7:27 AM EST
Get Alerts JIVE Hot Sheet
Price: $97.66 +0.11%

Rating Summary:
    3 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Wells Fargo initiates coverage on Jive Software (NASDAQ: JIVE) with a Market Perform. PT range $15-$17.

Wells analyst said, "We are very bullish on the social business market opportunity and believe that Jive's differentiated social business platform positions it as a leader in a burgeoning market. Given the current valuation, which is at the high end of the comparable SaaS range, and the need for additional distribution investments, we believe the risk/reward is evenly balanced at current levels."

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

Shares of Jive Software closed at $15.25 yesterday.


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