Xoom Corporation Coverage Initiated at Buckingham Research (XOOM)
Investment analysts at Buckingham Research started coverage on shares of Xoom Corporation (NASDAQ:XOOM) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on XOOM. Analysts at Evercore Partners initiated coverage on shares of Xoom Corporation in a research note on Wednesday, March 5th. They set an “underweight” rating and a $15.00 price target on the stock. Analysts at Raymond James upgraded shares of Xoom Corporation from a “market perform” rating to a “strong-buy” rating in a research note on Monday, January 27th. They now have a $33.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company. Xoom Corporation has a consensus rating of “Buy” and an average target price of $34.20.
Xoom Corporation (NASDAQ:XOOM) opened at 17.78 on Monday. Xoom Corporation has a 52 week low of $16.90 and a 52 week high of $36.46. The stock has a 50-day moving average of $22.77 and a 200-day moving average of $27.00. The company has a market cap of $669.7 million and a P/E ratio of 105.41.
Xoom Corporation (NASDAQ:XOOM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.07. The company had revenue of $32.10 million for the quarter, compared to the consensus estimate of $31.20 million. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. Analysts expect that Xoom Corporation will post $0.09 EPS for the current fiscal year.
Xoom Corporation (NASDAQ:XOOM) is engaged in online international money transfer service.
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