Vocus (NASDAQ:VOCS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a $10.00 target price on the stock. Zacks‘ price objective suggests a potential upside of 2.88% from the company’s current price.
Zacks‘ analyst wrote, “Vocus’ third-quarter adjusted loss per share was narrower than the Zacks Consensus Estimate. The company’s revenues increased on a year-over-year basis but fell short of the consensus mark. The company benefited from the high revenue generation ability of its new marketing suite. The company is targeting more customers and cloud opportunities in the SMB space. However, tough competition remains a concern for the company. Additionally, continuous decline in demand for its legacy PR solution, lesser focus on selling low-end solutions to small businesses, margin contraction, currency fluctuations remain the potential headwinds. Thus, we downgrade our recommendation on Vocus to Neutral.”
Vocus (NASDAQ:VOCS) traded up 0.82% during mid-day trading on Thursday, hitting $9.80. The stock had a trading volume of 115,647 shares. Vocus has a one year low of $8.05 and a one year high of $18.21. The stock’s 50-day moving average is $9.21 and its 200-day moving average is $9.71. The company’s market cap is $197.8 million.
Vocus (NASDAQ:VOCS) last announced its earnings results on Tuesday, October 22nd. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.05. The company had revenue of $46.16 million for the quarter, compared to the consensus estimate of $46.73 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Vocus will post $0.20 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on VOCS. Analysts at RBC Capital cut their price target on shares of Vocus from $13.00 to $11.00 in a research note to investors on Thursday, October 24th. They now have a “sector perform” rating on the stock. Analysts at FBR Capital Markets cut their price target on shares of Vocus from $12.00 to $11.00 in a research note to investors on Wednesday, October 23rd. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.83.
Vocus, Inc (NASDAQ:VOCS) is a provider of cloud marketing software.
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