Zacks cut shares of Velti (NASDAQ: VELT) from a neutral rating to an underperform rating in a research report sent to investors on Wednesday morning. The firm currently has $3.90 price target on the stock.
VELT has been the subject of a number of other recent research reports. Analysts at Jefferies Group downgraded shares of Velti to a buy rating in a research note to investors on Thursday, January 31st. They now have a $8.00 price target on the stock, down previously from $12.00. Separately, analysts at Craig Hallum downgraded shares of Velti from a buy rating to a hold rating in a research note to investors on Thursday, January 31st. They now have a $4.00 price target on the stock, down previously from $12.00. Finally, analysts at Wells Fargo downgraded shares of Velti from an outperform rating to a market perform rating in a research note to investors on Thursday, January 31st.
Velti traded up 1.47% on Wednesday, hitting $4.15. Velti has a 1-year low of $3.07 and a 1-year high of $14.65. The stock’s 50-day moving average is currently $4.67. The company’s market cap is $269.7 million.
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