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Ancestry.com Inc. Message Board

  • nusaiba nusaiba Feb 16, 2012 12:38 PM Flag

    Hot News!Citigroup remains Buy-rated on Ancestry.com with PT $34

    Citigroup remains Buy-rated on Ancestry.com (NASDAQ: ACOM[FREE Stock Trend Analysis]) through current weakness but lowers its price target to $34 from $36 on mixed fundamental trends.

    Citigroup had the following takeaways: "Positives โ€“ 1) EBITDA margin reached record high level; 2) Monthly ARPU & Churn trended in right direction; 3) Subscriber LTV increased for the 1st time in 7 quarters. 4) Non-UK International markets (60%+ Y/Y growth) now 15% of revenues; Negatives โ€“ 1) Sub guidance implies Y/Y declines in Net adds in 2012 vs. 2011 and 2010; 2) Record high SAC โ€“ up 11% Y/Y to $108; 3) Lower Season 3 WDYTYA ratings increase TV show renewal risk & raise questions about long-term sub growth."