Jefferies Maintains Buy on Ancestry.com

Jefferies is out with its report today on Ancestry.com ACOM, maintaining Buy. In its report, Jefferies writes, "ACOM has been trading lower since Sept on concerns over subscription growth following a series of price tests conducted throughout 3Q. Given the subscription nature of this business, we expect 3Q results to be in-line with consensus and FY11 guidance reiterated. We're maintaining a Buy rating on ACOM." Jefferies maintains a $43 PT on ACOM. At the time of posting, shares of ACOM were trading at $23.96, up 4.17% from Friday's close.