Jefferies:Avid Tech (NASDAQ:AVID) Valuation Insights

Avid Technology, Inc. (NASDAQ:AVID) Logo

Investors sentiment increased to 0.86 in Q2 2018. Its up 0.13, from 0.73 in 2018Q1. It is positive, as 5 investors sold Avid Technology, Inc. shares while 30 reduced holdings. 11 funds opened positions while 19 raised stakes. 28.01 million shares or 0.50% less from 28.16 million shares in 2018Q1 were reported.

Jacobs Levy Equity Inc owns 0.03% invested in Avid Technology, Inc. (NASDAQ:AVID) for 378,225 shares. Illinois-based Northern Corp has invested 0% in Avid Technology, Inc. (NASDAQ:AVID). Thompson Siegel And Walmsley Limited Liability Com holds 6,150 shares or 0% of its portfolio. Millennium Mngmt Ltd accumulated 124,064 shares. Oppenheimer Asset stated it has 0.02% in Avid Technology, Inc. (NASDAQ:AVID). Stone Ridge Asset Management Lc holds 0.01% in Avid Technology, Inc. (NASDAQ:AVID) or 40,775 shares. Legal General Grp Pcl invested in 4,496 shares. Capital Investment Counsel Incorporated owns 10,002 shares for 0.02% of their portfolio. Barclays Public Ltd Company holds 26,814 shares or 0% of its portfolio. California Employees Retirement Sys accumulated 159,364 shares. Citadel Ltd Liability Company holds 39,971 shares or 0% of its portfolio. Jefferies Grp Ltd Co holds 0% in Avid Technology, Inc. (NASDAQ:AVID) or 75,301 shares. Gamco Incorporated Et Al reported 22,500 shares. 34,788 were reported by Susquehanna Gp Llp. National Bank & Trust Of Mellon Corporation invested in 100,696 shares.

Since August 30, 2018, it had 0 insider purchases, and 1 insider sale for $50,912 activity.

How Jefferies Currently Rates Avid Tech (NASDAQ:AVID)

Equity analysts at Jefferies started coverage Avid Tech (NASDAQ:AVID) shares in a note published on Wednesday, 14 November, IR.net reports. The firm has set a “Hold” rating on AVID stock.

The stock increased 3.39% or $0.19 during the last trading session, reaching $5.8. About 204,277 shares traded or 1.78% up from the average. Avid Technology, Inc. (NASDAQ:AVID) has risen 32.25% since November 14, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Avid Technology, Inc. develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The company has market cap of $242.75 million. The company's video products and solutions include the Media Composer product line that is used to edit film, television programming, news broadcasts, commercials, and other video content; Avid shared storage systems and Avid Interplay asset management solutions, which provide complete network, storage, and database solutions to enable users to simultaneously share and manage media assets throughout a project or organization. It currently has negative earnings. The Company’s audio products and solutions include Pro Tools digital audio software and workstation solutions to facilitate the audio production process, including music and sound creation, recording, editing, signal processing, integrated surround mixing and mastering, and reference video playback; and a range of complementary control surfaces and consoles, including the System 5 and System 6 modular consoles, as well as the VENUE live-sound systems and Sibelius-branded notation software.

More notable recent Avid Technology, Inc. (NASDAQ:AVID) news were published by: Seekingalpha.com which released: “Avid Technology, Inc. (AVID) CEO Jeff Rosica on Q3 2018 Results – Earnings Call Transcript” on November 08, 2018, also Globenewswire.com with their article: “Full Sail University Collaborates with Avid to Deliver Unique Learning Experience for Students Pursuing Careers in the …” published on November 01, 2018, Globenewswire.com published: “Miami HEAT Relies on Avid to Maximize Content and Drive Viewership” on November 12, 2018. More interesting news about Avid Technology, Inc. (NASDAQ:AVID) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For November 14, 2018” published on November 14, 2018 as well as Globenewswire.com‘s news article titled: “Report: Developing Opportunities within Natera, InnerWorkings, Chanticleer, NN, Stoneridge, and Avid Technology …” with publication date: October 18, 2018.

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