UPDATE - UBS Initiates Coverage on Active Network (ACTV) with a Buy; Market Leader in a $10B+ SaaS Space
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Price: $33.14 --0%
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - UBS initiates coverage on Active Network (NYSE: ACTV) with a Buy. PT $22.00.
UBS analyst said, "ACTV our new small cap top pick, is the leader in a $10B (NA only) fragmented market with low penetration (~4% of registrations / ~6% of organizations). ACTV has built strong competitive moats based on scale (47K+ orgs / 70MM+ regs/year), technology, and deep expertise (10+
yrs), facing limited competition from mostly small, regional players with a few legacy relation ships. ACTV has 4 main growing segments – sports, outdoors, communities, and biz events – each $50MM+ in rev."
"High revenue visibility, built-in leverage, capitalizing on online migration: With multi-year contracts and a big and diversified customer base, ACTV has very good visibility (85%) into revenues at the start of each period. Less than 5% annual revenue churn contributes to the recurring nature of registration revenues. The model also benefits from built-in leverage that kicks in as ACTV phases off duplicate R&D for legacy systems and off-line registrations migrate to online."
To see more ratings on ACTV, Click Here
UBS analyst said, "ACTV our new small cap top pick, is the leader in a $10B (NA only) fragmented market with low penetration (~4% of registrations / ~6% of organizations). ACTV has built strong competitive moats based on scale (47K+ orgs / 70MM+ regs/year), technology, and deep expertise (10+
yrs), facing limited competition from mostly small, regional players with a few legacy relation ships. ACTV has 4 main growing segments – sports, outdoors, communities, and biz events – each $50MM+ in rev."
"High revenue visibility, built-in leverage, capitalizing on online migration: With multi-year contracts and a big and diversified customer base, ACTV has very good visibility (85%) into revenues at the start of each period. Less than 5% annual revenue churn contributes to the recurring nature of registration revenues. The model also benefits from built-in leverage that kicks in as ACTV phases off duplicate R&D for legacy systems and off-line registrations migrate to online."
To see more ratings on ACTV, Click Here
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