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Velti plc Message Board

  • rciauri2001 rciauri2001 May 15, 2013 10:02 AM Flag

    Zacks Upgrades VELT

    Velti (NASDAQ: VELT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, Analyst Ratings Network reports. The firm currently has a $2.00 target price on the stock.

    Velti (NASDAQ: VELT) traded down 14.50% on Tuesday, hitting $1.71. Velti has a 1-year low of $1.53 and a 1-year high of $12.79. The stock’s 50-day moving average is currently $2.16. The company’s market cap is $113.1 million.

    Velti (NASDAQ: VELT) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.07. The company had revenue of $41.01 million for the quarter, compared to the consensus estimate of $42.14 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, analysts predict that Velti will post $-0.40 earnings per share for the current fiscal year.

    Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group downgraded shares of Velti from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, March 13th. They now have a $2.15 price target on the stock, down previously from $8.00. Separately, analysts at RBC Capital downgraded shares of Velti from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, March 13th. They now have a $3.00 price target on the stock, down previously from $10.00. Finally, analysts at Raymond James downgraded shares of Velti from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, March 13th. They now have a $8.00 price target on the stock.

    Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus r

 
VELT
0.06260.0000(0.00%)Dec 13 4:00 PMEST