RBC Capital Increases Active Network Price Target to $14.50 (ACTV)
Equities researchers at RBC Capital raised their price objective on shares of Active Network (NASDAQ:ACTV) from $11.00 to $14.50 in a research report issued on Wednesday, ARN reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price suggests a potential upside of 0.69% from the company’s current price.
Active Network (NASDAQ:ACTV) traded up 0.21% on Wednesday, hitting $14.40. 3,240,572 shares of the company’s stock traded hands. Active Network has a 52 week low of $3.83 and a 52 week high of $14.41. The stock has a 50-day moving average of $10.35 and a 200-day moving average of $7.58. The company’s market cap is $898.0 million.
Active Network (NASDAQ:ACTV) last released its earnings data on Thursday, August 1st. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.02. The company had revenue of $132.40 million for the quarter, compared to the consensus estimate of $130.90 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that Active Network will post $-0.14 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group downgraded shares of Active Network (NASDAQ:ACTV) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $14.50 price target on the stock, up previously from $10.00. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Active Network has a consensus rating of “Hold” and a consensus target price of $11.50.
The Active Network, Inc is a provider of organization-based cloud computing applications serving a range of customer groups, including business solutions, community activities, outdoors and sports.
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.