Barrington Research Maintains Outperform on Vistaprint
Barrington Research reiterates its Outperform rating on Vistaprint (NASDAQ: VPRT) as the company enters into a definitive agreement to acquire private Webs, Inc.
Barrington Research notes, "The Webs, Inc. acquisition continues the transformation of Vistaprint into an end-to-end provider of marketing solutions for micro-businesses by adding social media and mobile marketing capabilities. Vistaprint already has a quickly growing digital services business (e.g., websites and e-mail marketing) that generated revenue of approximately $50 million in fiscal 2011 (6% of total revenue)."
VPRT closed at $30.21 per share on Monday.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.