ValueVision Media Upgraded by Zacks to Neutral (VVTV)
ValueVision Media (NASDAQ:VVTV) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, Stock Ratings Network reports. The firm currently has a $6.40 price objective on the stock. Zacks‘ target price points to a potential upside of 1.75% from the stock’s previous close.
A number of other firms have also recently commented on VVTV. Analysts at Thomson Reuters/Verus upgraded shares of ValueVision Media from a “hold” rating to a “buy” rating in a research note to investors on Monday. Analysts at Craig Hallum initiated coverage on shares of ValueVision Media in a research note to investors on Tuesday, November 26th. They set a “buy” rating and a $10.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.60.
ValueVision Media (NASDAQ:VVTV) remained flat at $6.29 during during mid-day trading trading on Tuesday. The stock had a trading volume of 101,646 shares. ValueVision Media has a one year low of $2.45 and a one year high of $7.06. The stock’s 50-day moving average is $6.50 and its 200-day moving average is $5.53. The company’s market cap is $313.1 million.
ValueVision Media (NASDAQ:VVTV) last issued its quarterly earnings data on Wednesday, November 20th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.02. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $150.41 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that ValueVision Media will post $-0.03 EPS for the current fiscal year.
ValueVision Media, Inc is an interactive multi-media retailer that markets, sells and distributes products to consumers through various digital platforms including television, online, mobile and social media.
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