Active Network (NASDAQ: ACTV) issued its quarterly earnings data on Thursday. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.01. The company had revenue of $93.70 million for the quarter, compared to the consensus estimate of $95.22 million. During the same quarter last year, the company posted ($0.16) earnings per share. Active Network’s revenue was up 23.3% compared to the same quarter last year.
On the ratings front, analysts at Bank of America upgraded shares of Active Network from an “underperform” rating to a “buy” rating in a research note to investors on Friday, November 30th. They now have a $9.00 price target on the stock.
Three analysts have rated the stock with a buy rating, and three have given a hold rating to the company’s stock. Active Network presently has an average rating of “overweight” and a consensus target price of $11.25.
Shares of Active Network (ACTV) traded down 2.46% during mid-day trading on Thursday, hitting $5.55. Active Network (ACTV) has a 52 week low of $4.60 and a 52 week high of $17.74. The stock’s 50-day moving average is currently $5.49. The company’s market cap is $336.1 million.
The Active Network, Inc. is a provider of organization-based cloud computing applications serving a range of customer groups, including business solutions, community activities, outdoors and sports.
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