Benchmark Raises Price Target on InfoSpace (INSP) Following Strong Q4 Results
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Price: $57.10 -1.89%
Rating Summary:
8 Buy, 16 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 16 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Benchmark is reiterating its Buy rating on shares of InfoSpace (NASDAQ: INSP), while raising its price target from $14 to $15.
The company reported strong quarterly results as sales rose 34 percent year over year. INSP also offered solid Q1 revenue and EBITDA guidance as its midpoints call for $75 million and $10.5 million.
The strong quarterly results has the firm raising its FY12 EBITDA estimate from $29 million to $37 million. Benchmark also raised its FCF estimate by $0.20 per share to $1.72 per sahre for 2012.
For Q1 and FY12, the firm forecasts EPS of $0.65 and $1.38.
An analyst at Benchmark comments, "We think this stock has plenty of room for additional upside given our new estimate of $1.72 in proforma 2012 free cash flow per share."
For an analyst ratings summary and ratings history on InfoSpace click here. For more ratings news on InfoSpace click here.
Shares of InfoSpace closed at $12.14 yesterday.
The company reported strong quarterly results as sales rose 34 percent year over year. INSP also offered solid Q1 revenue and EBITDA guidance as its midpoints call for $75 million and $10.5 million.
The strong quarterly results has the firm raising its FY12 EBITDA estimate from $29 million to $37 million. Benchmark also raised its FCF estimate by $0.20 per share to $1.72 per sahre for 2012.
For Q1 and FY12, the firm forecasts EPS of $0.65 and $1.38.
An analyst at Benchmark comments, "We think this stock has plenty of room for additional upside given our new estimate of $1.72 in proforma 2012 free cash flow per share."
For an analyst ratings summary and ratings history on InfoSpace click here. For more ratings news on InfoSpace click here.
Shares of InfoSpace closed at $12.14 yesterday.
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