Craig-Hallum Downgrades Velti (VELT) to Hold
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Jefferies Sees Messy Transition at Velti (VELT) But Keeps 'Buy' Rating
January 31, 2013 3:07 PM ESTJefferies slashed its price target on Velti (NASDAQ: VELT) from $12 to $8 but is keeping a Buy rating on the name following yesterday's 25% sell-off on cautious analyst day comments.
Commenting on the analyst meeting, Jefferies notes: "Velti focused on their platform and substantial... More
Velti (VELT): a 25% Sell-Off and Now a Downgrade
January 31, 2013 7:22 AM ESTShares of Velti (NASDAQ: VELT) fell 25 percent yesterday afternoon following cautious management comments from the company's analyst day. Today analysts at Wells Fargo are weighing in and have downgraded shares from Outperform to Market Perform and lowered their valuation range from $10-12 to $4.50-6.00.
"Though we believe management did a solid job of outlining the evolution of the mobile marketing landscape, the range of Velti's capabilities, and... More
Velti (VELT) Drops Following Analyst Day Event
January 30, 2013 3:29 PM ESTVelti (NASDAQ: VELT) shares were signficantly lower heading into the close of trading on Wednesday. The company held an analyst day event this afternoon, which ended at 2 pm.... More
