Deutsche Bank Starts Demand Media (DMD) at Hold, Says Optimism Priced In
Tweet Send to a FriendGet Alerts DMD Hot Sheet
Price: $8.43 -1.4%
Rating Summary:
8 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
8 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade DMD Now!
Deutsche Bank initiates coverage on Demand Media (NYSE: DMD) with a Hold rating and a price target of $12.00.
"Demand Media operates a unique and disruptive business model in online advertising," said analysts. "Its core competitive advantage is creating articles and videos very efficiently through its unique supply-chain-like content studio, and being able to predict how many views each article or video could get over its lifetime."
"We find the Demand Media story compelling, but given the current 10x 2013E EBITDA valuation vs. the online advertising peer universe at 10x, we believe our optimism is somewhat priced in," stated an analyst who specializes in coverage of internet stocks.
For an analyst ratings summary and ratings history on Demand Media click here. For more ratings news on Demand Media click here.
Shares of Demand Media closed at $11.20 yesterday, with a 52 week range of $5.24-$12.50.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"Demand Media operates a unique and disruptive business model in online advertising," said analysts. "Its core competitive advantage is creating articles and videos very efficiently through its unique supply-chain-like content studio, and being able to predict how many views each article or video could get over its lifetime."
"We find the Demand Media story compelling, but given the current 10x 2013E EBITDA valuation vs. the online advertising peer universe at 10x, we believe our optimism is somewhat priced in," stated an analyst who specializes in coverage of internet stocks.
For an analyst ratings summary and ratings history on Demand Media click here. For more ratings news on Demand Media click here.
Shares of Demand Media closed at $11.20 yesterday, with a 52 week range of $5.24-$12.50.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Keryx Biopharma (KERX) Patents Strong; JPMorgan Starts at Overweight
- Adobe (ADBE) Posts Positive Creative Cloud Subscriber Surprise in Q2 - Jefferies
- Wedbush Starts USG Corp. (USG) at Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, New CoverageRelated Entities
Deutsche Bank
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
