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UPDATE: Jefferies Reiterates Active Network at Buy;: Management Changes Are Immaterial

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UPDATE: Stifel Terminates Coverage on Active Network as Acquisition by Vista Partners is Complete

Jefferies reiterated its Buy rating and $18 price target on Active Network (NYSE: ACTV) following a realignment of management ranks.

Jefferies commented, "Active Network announced yesterday several top-level management promotions, which are expected to align Active's business units with its technology platform and help the company innovate faster, execute more effectively, and grow revenue and market share in the activity and participant management marketplace. While we are slightly disappointed, in reality, we don't expect that much to change in the day-to-day activities at the company."

Active Network closed at $12.55 on Thursday.

Latest Ratings for ACTV

DateFirmActionFromTo
Nov 2013Stifel NicolausTerminates
Oct 2013JefferiesDowngradesBuyHold
May 2013RBC CapitalDowngradesOutperformSector Perform

View More Analyst Ratings for ACTV
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Reiteration Intraday Update Analyst Ratings

 

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