Ascendiant Capital Starts GSV Capital (GSVC) at Buy; Attractive Way To Invest In High Growth Private Companies

May 2, 2012 9:47 AM EDT
Get Alerts GSVC Hot Sheet
Price: $5.34 -0.56%

Rating Summary:
    6 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Ascendiant Capital initiates coverage on GSV Capital (NASDAQ: GSVC) with a Buy. PT $20.00.

Analyst, Edward Woo, said, "Recent valuations (from IPO and M&A activities) for many high growth privately-held technology companies have been strong, which bodes well for GSV. The company currently has investments in 24 leading technology companies, and its two largest investments are Twitter and Facebook (Nasdaq: FB) (representing an estimated 17% and 15%, respectively, of its investment portfolio). We believe the upcoming IPO of Facebook (expected in late May) could be a catalyst to drive GSV’s stock higher if Facebook’s valuation is above $110 billion."

For an analyst ratings summary and ratings history on GSV Capital click here. For more ratings news on GSV Capital click here.

Shares of GSV Capital closed at $17.74 yesterday.

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