Octave Intelligence plc (NASDAQ:OCTV) Receives Consensus Recommendation of “Hold” from Analysts

Octave Intelligence plc (NASDAQ:OCTV) has earned an average rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.71.

OCTV has been the topic of a number of recent research reports. Weiss Ratings began coverage on shares of Octave Intelligence in a research report on Monday, August 17th. They set a “sell (d)” rating on the stock. Barclays started coverage on shares of Octave Intelligence in a research report on Thursday, June 18th. They issued an “equal weight” rating and a $18.00 target price on the stock. Evercore initiated coverage on Octave Intelligence in a research report on Friday, June 12th. They issued an “in-line” rating and a $20.00 price objective for the company. Morgan Stanley initiated coverage on Octave Intelligence in a research note on Thursday, September 17th. They set an “equal weight” rating and a $21.00 price objective for the company. Finally, Wall Street Zen raised shares of Octave Intelligence to a “hold” rating in a report on Saturday, July 18th.

Octave Intelligence Stock Performance

Octave Intelligence stock opened at $19.03 on Friday. The firm’s fifty day moving average is $18.80. Octave Intelligence has a fifty-two week low of $15.41 and a fifty-two week high of $30.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Octave Intelligence stock. Squarepoint Ops LLC purchased a new stake in Octave Intelligence plc (NASDAQ:OCTV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,659 shares of the company’s stock, valued at approximately $190,000.

About Octave Intelligence

Octave Intelligence plc provides various software solutions. Its solutions helps organizations to better understand and manage the environments in which they design, build, operate, and protect their assets, people, and critical infrastructure. Its platform connects data, events, and workflows across various environments and applies context-aware intelligence to help customers understand what is happening, what may happen next, and how actions in one area affect conditions in another. The company serves power generation and utilities, data centers and IT infrastructure operators, heavy construction and public works, industrial process industries, public safety and emergency response agencies, transportation networks and logistics operations, light process industries, and discrete manufacturing industries.