WR Hambrecht Starts InfoSpace, Inc. (INSP) at Sell

August 29, 2006 8:08 AM EDT
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Price: $12.48 --0%

Rating Summary:
    1 Buy, 1 Hold, 0 Sell

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    Up: 13 | Down: 22 | New: 54
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WR Hambrecht initiates coverage on InfoSpace, Inc. (Nasdaq: INSP) with a Sell rating and $17.50 price target.

Analyst Denise Garcia said, "We believe growth prospects for the mobile content market have become more realistic than in previous years, helping provide more reliable expectations for investors. As the market has begun to take shape, we question the role of third-party service providers such as InfoSpace. We believe the role of the third-party service provider will become increasingly pressured as large content providers and mobile distributors seeking competitive and financial advantages create direct relationships with each other."

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