Millennial Media (MM) to Release Earnings on Monday
Millennial Media (NYSE:MM) is set to post its Q214 quarterly earnings results on Monday, August 11th. Analysts expect Millennial Media to post earnings of ($0.12) per share and revenue of $73.20 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Millennial Media (NYSE:MM) opened at 3.31 on Friday. Millennial Media has a 52-week low of $2.90 and a 52-week high of $9.38. The stock’s 50-day moving average is $3.9 and its 200-day moving average is $5.47. The company’s market cap is $354.2 million.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Millennial Media from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 2nd. On a related note, analysts at Evercore Partners downgraded shares of Millennial Media from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 2nd. They now have a $5.00 price target on the stock. Finally, analysts at Piper Jaffray upgraded shares of Millennial Media from an “underweight” rating to a “neutral” rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.78.
Millennial Media, Inc is an independent mobile advertising platform company. The Company’s technology, tools and services help developers maximize their advertising revenue, acquire users for their applications and gain insight about their users.
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