Sungy Mobile Downgraded to “Market Perform” at Oppenheimer (GOMO)
Sungy Mobile (NASDAQ:GOMO) was downgraded by equities research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Separately, analysts at Citigroup Inc. initiated coverage on shares of Sungy Mobile in a research note on Friday, July 25th. They set a “neutral” rating and a $11.80 price target on the stock.
Shares of Sungy Mobile (NASDAQ:GOMO) opened at 10.40 on Thursday. Sungy Mobile has a 1-year low of $9.91 and a 1-year high of $33.87. The stock’s 50-day moving average is $10.88 and its 200-day moving average is $17.16. The company has a market cap of $347.4 million and a P/E ratio of 31.10.
Sungy Mobile (NASDAQ:GOMO) last announced its earnings results on Wednesday, August 27th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.05. The company had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.70 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. Analysts expect that Sungy Mobile will post $0.62 EPS for the current fiscal year.
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