Geeknet Downgraded to “Neutral” at Zacks (GKNT)
Geeknet (NASDAQ:GKNT) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Monday, StockRatingsNetwork reports. They currently have a $18.20 price target on the stock. Zacks‘ price target would indicate a potential upside of 7.12% from the company’s current price.
Shares of Geeknet (NASDAQ:GKNT) traded up 0.18% on Monday, hitting $16.99. 26,534 shares of the company’s stock traded hands. Geeknet has a 52 week low of $12.38 and a 52 week high of $19.24. The stock’s 50-day moving average is $16.34 and its 200-day moving average is $14.73. The company has a market cap of $112.2 million and a P/E ratio of 10.55.
Geeknet (NASDAQ:GKNT) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.16. The company had revenue of $22.00 million for the quarter, compared to the consensus estimate of $20.48 million.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Geeknet from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, August 13th. Separately, analysts at Benchmark Co. raised their price target on shares of Geeknet from $18.00 to $20.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Geeknet from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 29th.
Geeknet, Inc (NASDAQ:GKNT) is an online network for the global geek community, which is consisted of technology enthusiasts and general consumers of geek-themed, technology-oriented and culture goods.
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