Speed Commerce Now Covered by Analysts at Stifel Nicolaus (SPDC)
Equities researchers at Stifel Nicolaus initiated coverage on shares of Speed Commerce (NASDAQ:SPDC) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $5.00 price target on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 26.26% from the company’s current price.
Shares of Speed Commerce (NASDAQ:SPDC) traded up 8.49% on Friday, hitting $3.96. The stock had a trading volume of 305,247 shares. Speed Commerce has a one year low of $1.84 and a one year high of $4.84. The stock has a 50-day moving average of $4.28 and a 200-day moving average of $3.72. The company’s market cap is $257.2 million.
Speed Commerce (NASDAQ:SPDC) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.10. The company had revenue of $185.50 million for the quarter, compared to the consensus estimate of $200.37 million.
Speed Commerce, Inc, formerly Navarre Corporation, is a distributor and provider of complete logistics solutions to traditional and Internet-based retailers.
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