Active Network Inc. Sets New 1-Year High at $14.42 (ACTV)
Active Network (NASDAQ:ACTV) set a new 52-week high during trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $14.42 and last traded at $14.41, with a volume of 1,079,966 shares. The stock had previously closed at $14.38.
Several analysts have recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Active Network from $11.00 to $14.50 in a research note to investors on Wednesday, October 2nd. They now have a “sector perform” rating on the stock. Separately, analysts at Jefferies Group downgraded shares of Active Network from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 1st. They now have a $14.50 price target on the stock, up previously from $10.00. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Active Network has an average rating of “Hold” and a consensus target price of $11.50.
Active Network has a one year low of $3.83 and a one year high of $12.99. The stock’s 50-day moving average is $9.69 and its 200-day moving average is $6.96. The company’s market cap is $898.7 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.
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.