UPDATE: Barrington Research Initiates The Active Network with Outperform, $17 PT on SaaS Leadership

Barrington Research initiates it coverage on The Active Network ACTV with a rating of Outperform and a $17 price target. Barrington Research says, "The Active Network is a leading provider of SaaS event/organization management in four activity segments: sports (e.g., triathlons), communities (e.g., parks), outdoors (e.g., fishing licenses), and business (e.g., Oracle OpenWorld). Its solutions help more than 51,300 organizations optimize efficiency and process their 80 million annual event registrations. Active also drives event participation through its 1.5 million-plus social fans, 7 million unique monthly visitors to Active.com, and another 18 million monthly visitors to partners' sites." ACTV closed at $13.80 on Friday.