ValueClick Now Covered by Analysts at Wedbush (VCLK)
Wedbush assumed coverage on shares of ValueClick (NASDAQ:VCLK) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $22.00 price target on the stock. Wedbush’s price target would indicate a potential upside of 5.72% from the stock’s previous close.
The analysts wrote, “We are initiating coverage with a NEUTRAL rating and $22 price target. We believe ValueClick is well-positioned in its core markets and will benefit from the secular growth in online advertising and e-commerce, but recent execution and client-specific issues are likely to take some time to sort through. While the stock is likely to remain flattish in near term, we would note that the company has always bounced back after hitting speed bumps in the past and we believe will do so again.”
Shares of ValueClick (NASDAQ:VCLK) traded up 0.58% during mid-day trading on Thursday, hitting $20.93. The stock had a trading volume of 181,680 shares. ValueClick has a one year low of $15.95 and a one year high of $32.25. The stock has a 50-day moving average of $21.46 and a 200-day moving average of $25.40. The company has a market cap of $1.555 billion and a P/E ratio of 16.33.
ValueClick (NASDAQ:VCLK) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.39. The company had revenue of $159.80 million for the quarter, compared to the consensus estimate of $166.17 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of ValueClick (NASDAQ:VCLK) in a research note to investors on Tuesday, August 6th. They now have a $22.00 price target on the stock. Separately, analysts at Stephens cut their price target on shares of ValueClick (NASDAQ:VCLK) from $27.00 to $22.00 in a research note to investors on Monday, August 5th. They now have an “equal weight” rating on the stock. Finally, analysts at Northland Capital Partners cut their price target on shares of ValueClick (NASDAQ:VCLK) from $19.00 to $16.00 in a research note to investors on Monday, August 5th. They now have an “underperform” rating on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. ValueClick currently has an average rating of “Hold” and a consensus target price of $25.33.
ValueClick, Inc is a digital marketing services company. The Company offers a suite of products and services that enable marketers to engage with their potential customers online and through mobile devices to spread brand awareness and generate leads and sales.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.