Jefferies Reiterates Hold on Demand Media (DMD) Following Solid 3Q
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
Jefferies reiterated a Hold rating on Demand Media (NYSE: DMD), and raised the price target to $6.50 (from $6.00), following the company's 3Q earnings report. DMD reported revenue of $28.1MM, above the consensus at $25.4MM. Operating net loss per share came in at ($0.14), better than the consensus estimates of ($0.37).
Analyst Brian Fitzgerald commented, "DMD reported solid results with a top and bottom line beat. Marketplaces continues to show robust growth with Society6 seeing increased mobile conversion and an increase in repeat customers. Content & Media has seen strong results from Livestrong with a focus on video. eHow will now focus on narrower and deeper categories utilizing historical content."
Shares of Demand Media closed at $5.80 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Cuts Price Target on Workday (WDAY) to $71 Following 3Q
- Jefferies Cuts Price Target on Kroger (KR) to $30 Following 3Q and Guidance
- Shopify (SHOP): CFO Meetings Indicate Strong Growth Ahead - Wedbush
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change
Related EntitiesJefferies & Co, Earnings
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!