Millennial Media Receives Average Rating of “Hold” from Analysts (NYSE:MM)
Shares of Millennial Media (NYSE:MM) have received an average rating of “Hold” from the ten analysts that are covering the company, Analyst Ratings News reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.83.
MM has been the subject of a number of recent research reports. Analysts at First Analysis downgraded shares of Millennial Media from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 12th. Separately, analysts at Evercore Partners cut their price target on shares of Millennial Media from $5.00 to $3.50 in a research note on Tuesday, August 12th. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Millennial Media in a research note on Tuesday, August 12th. They now have a $3.50 price target on the stock, down previously from $4.00.
Shares of Millennial Media (NYSE:MM) opened at 2.38 on Tuesday. Millennial Media has a 52 week low of $2.32 and a 52 week high of $8.44. The stock has a 50-day moving average of $3.09 and a 200-day moving average of $4.91. The company’s market cap is $255.9 million.
Millennial Media (NYSE:MM) last announced its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.06. The company had revenue of $67.30 million for the quarter, compared to the consensus estimate of $73.20 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, analysts predict that Millennial Media will post $-0.48 earnings per share for the current fiscal year.
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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