Zacks Downgrades United Online to Neutral (UNTD)
United Online (NASDAQ:UNTD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, American Banking & Market News reports. They currently have a $9.50 price target on the stock. Zacks‘ price target would indicate a potential upside of 19.18% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Craig Hallum downgraded shares of United Online (NASDAQ:UNTD) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. They now have a $8.00 price target on the stock, down previously from $9.50. Analysts at B. Riley raised their price target on shares of United Online (NASDAQ:UNTD) from $8.72 to $9.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.50.
United Online (NASDAQ:UNTD) traded up 2.43% during mid-day trading on Tuesday, hitting $8.165. 934,480 shares of the company’s stock traded hands. United Online has a 52 week low of $4.98 and a 52 week high of $8.90. The stock has a 50-day moving average of $8.02 and a 200-day moving average of $7.24. The company has a market cap of $755.5 million and a price-to-earnings ratio of 109.19.
United Online (NASDAQ:UNTD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.04. The company had revenue of $221.70 million for the quarter, compared to the consensus estimate of $228.10 million. During the same quarter last year, the company posted $0.18 earnings per share. United Online’s revenue was down 4.4% compared to the same quarter last year. Analysts expect that United Online will post $0.56 EPS for the current fiscal year.
United Online, Inc (NASDAQ:UNTD) through its operating subsidiaries, is a provider of consumer products and services over the Internet under a number of brands, including FTD, Interflora, Flying Flowers, Flowers Direct, Drake Algar, Classmates, schoolFeed, StayFriends, Trombi, MyPoints, NetZero, and Juno.
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