Octave Intelligence plc (NASDAQ:OCTV) Receives Average Rating of “Hold” from Brokerages

Octave Intelligence plc (NASDAQ:OCTV) has earned an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.8333.

Several equities research analysts have recently issued reports on the company. Barclays initiated coverage on Octave Intelligence in a research note on Thursday, June 18th. They issued an “equal weight” rating and a $18.00 price objective for the company. Guggenheim initiated coverage on Octave Intelligence in a report on Thursday, May 28th. They set a “buy” rating and a $30.00 price target on the stock. Wall Street Zen upgraded Octave Intelligence to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings initiated coverage on shares of Octave Intelligence in a research note on Monday, August 17th. They set a “sell (d)” rating for the company. Finally, Royal Bank Of Canada began coverage on shares of Octave Intelligence in a research report on Tuesday, June 2nd. They set a “sector perform” rating and a $21.00 price objective on the stock.

Octave Intelligence Stock Up 0.8%

OCTV opened at $20.00 on Tuesday. The stock has a 50-day moving average of $17.75. Octave Intelligence has a 12 month low of $15.41 and a 12 month high of $30.00.

Hedge Funds Weigh In On Octave Intelligence

A hedge fund recently bought a new stake in Octave Intelligence stock. Ancora Advisors LLC purchased a new stake in shares of Octave Intelligence plc (NASDAQ:OCTV) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 54,080 shares of the company’s stock, valued at approximately $882,000.