Xoom Corporation Upgraded by Susquehanna to Positive (XOOM)
Xoom Corporation (NASDAQ:XOOM) was upgraded by stock analysts at Susquehanna to a “positive” rating in a report issued on Thursday, ARN reports.
Shares of Xoom Corporation (NASDAQ:XOOM) opened at 29.00 on Thursday. Xoom Corporation has a 52 week low of $17.68 and a 52 week high of $36.46. The stock has a 50-day moving average of $30.39 and a 200-day moving average of $24.84. The company has a market cap of $1.050 billion and a P/E ratio of 2900.00.
Xoom Corporation (NASDAQ:XOOM) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $33.50 million for the quarter, compared to the consensus estimate of $25.73 million. During the same quarter last year, the company posted ($0.20) earnings per share. Xoom Corporation’s revenue was up 59.5% compared to the same quarter last year. Analysts expect that Xoom Corporation will post $0.12 EPS for the current fiscal year.
Separately, analysts at Needham & Company raised their price target on shares of Xoom Corporation from $27.00 to $35.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Xoom Corporation presently has a consensus rating of “Buy” and an average target price of $30.33.
Xoom Corporation (NASDAQ:XOOM) is engaged in online international money transfer service.
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