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Taomee Holdings (NASDAQ:TAOM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, reports. They currently have a $8.30 price objective on the stock. Zacks‘ price target indicates a potential upside of 16.41% from the company’s current price.

Taomee Holdings (NASDAQ:TAOM) traded up 0.14% on Tuesday, hitting $7.14. 14,237 shares of the company’s stock traded hands. Taomee Holdings has a 1-year low of $3.69 and a 1-year high of $7.78. The stock has a 50-day moving average of $5.76 and a 200-day moving average of $5.37. The company has a market cap of $262.6 million and a price-to-earnings ratio of 56.14.

Taomee Holdings (NASDAQ:TAOM) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.07. The company had revenue of $15.80 million for the quarter, compared to the consensus estimate of $13.13 million. Analysts expect that Taomee Holdings will post $0.14 EPS for the current fiscal year.

Taomee Holdings Limited is a children’s entertainment and media company in the People’s Repubic of China.

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