Jiayuan.com Upgraded by TheStreet to Buy (DATE)
Jiayuan.com (NASDAQ:DATE) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Monday, AnalystRatings.NET reports.
The analysts wrote, “Jiayuan.com International (DATE) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of Jiayuan.com (NASDAQ:DATE) traded down 1.92% during mid-day trading on Monday, hitting $6.65. 75,925 shares of the company’s stock traded hands. Jiayuan.com has a 52-week low of $4.55 and a 52-week high of $9.48. The stock’s 50-day moving average is $6.96 and its 200-day moving average is $6.0. The company has a market cap of $198.5 million and a price-to-earnings ratio of 24.48.
Jiayuan.com (NASDAQ:DATE) last released its earnings data on Wednesday, August 21st. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.02. The company had revenue of $19.40 million for the quarter, compared to the consensus estimate of $19.47 million. Jiayuan.com’s revenue was up 20.0% compared to the same quarter last year. On average, analysts predict that Jiayuan.com will post $0.35 earnings per share for the current fiscal year.
Separately, analysts at Oppenheimer downgraded shares of Jiayuan.com from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, August 23rd. They now have a $7.00 price target on the stock. They noted that the move was a valuation call.
Jiayuan.com International Ltd. is an online dating platform in China. The Company’s Website, Jiayuan.
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