Maxim Group reaffirmed their hold rating on shares of Youku.com (NASDAQ:YOKU) in a research note issued to investors on Friday, AnalystRatings.NET reports.
“Last night YOKU reported 3Q13 revenue of RMB858M ($140M), 1% above consensus. Ad revenue was RMB745M ($122M), representing 3% q/q growth, significantly lower than the q/q growth rate of 20%-30% normally seen over the past five years. GAAP EPS loss was ($0.21), surprisingly higher than consensus estimate of ($0.06), mainly due to an acceleration of content amortization, which incurred additional costs of RMB144M ($24M) or ($0.14)/share. 4Q13 ad revenue was guided at RMB780M-RMB820M ($127.5M-$134M), 5% lower than consensus expectation.,” Maxim Group’s analyst wrote.
A number of other analysts have also recently weighed in on YOKU. Analysts at Bank of America Corp. downgraded shares of Youku.com from a buy rating to a neutral rating in a research note to investors on Friday. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Youku.com to a positive rating in a research note to investors on Monday, November 11th. Finally, analysts at Brean Capital upgraded shares of Youku.com from a hold rating to a buy rating in a research note to investors on Monday, November 11th. They now have a $36.00 price target on the stock, up previously from $1.15. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Youku.com presently has an average rating of Hold and an average target price of $27.59.
Youku.com (NASDAQ:YOKU) traded up 2.80% during mid-day trading on Friday, hitting $30.12. The stock had a trading volume of 10,703,191 shares. Youku.com has a 52 week low of $13.82 and a 52 week high of $31.49. The stock’s 50-day moving average is $28.15 and its 200-day moving average is $23.29. The company’s market cap is $5.013 billion.
Youku.com (NASDAQ:YOKU) last announced its earnings results on Thursday, November 14th. The company reported ($0.21) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.39) by $0.18. The company had revenue of $140.20 million for the quarter, compared to the consensus estimate of $850.75 million. During the same quarter last year, the company posted ($0.11) earnings per share. Youku.com’s revenue was up 75.5% compared to the same quarter last year. On average, analysts predict that Youku.com will post $-2.70 earnings per share for the current fiscal year.
Youku.com Inc is an Internet television company in People’s Republic of China. Its Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices.
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