Vocus Inc. (VOCS)

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Vocus Rating Increased to Neutral at Zacks (VOCS)

July 10th, 2013 - 0 comments - Filed Under - by Jeff Wilder

Vocus (NASDAQ: VOCS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has a $11.00 target price on the stock. Zacks‘ price objective suggests a potential upside of 3.29% from the stock’s previous close.

Zacks‘ analyst wrote, “Vocus’ first quarter adjusted loss per share of $0.06 was wider than the Zacks Consensus Estimate. However, the company generated solid year-on-year revenue growth. The company benefited from the high revenue generation ability of its new marketing suite. The company has also successfully capitalized on strategic acquisitions. By leveraging iContact’s capabilities and increasing the sales team, Vocus is eyeing the cloud-space opportunities in the SMBs. However, continuous decline in demand for its legacy PR solution and lesser focus on selling low-end solutions to small businesses, margin contraction and currency fluctuations could prove to be a bottleneck. But growing popularity of its marketing suite and renewed focus into the mid-sized market are catalysts. We therefore upgrade the stock to Neutral from Underperform.”

A number of other analysts have also recently weighed in on VOCS. Analysts at RBC Capital cut their price target on shares of Vocus from $19.00 to $16.00 in a research note to investors on Wednesday, April 24th. They now have a “sector perform” rating on the stock. Separately, analysts at Stifel Nicolaus downgraded shares of Vocus from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, April 24th. They now have a $26.00 price target on the stock. Finally, analysts at Wunderlich cut their price target on shares of Vocus from $21.00 to $15.00 in a research note to investors on Wednesday, April 24th. They now have a “buy” rating on the stock.

One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Vocus presently has a consensus rating of “Hold” and an average target price of $18.00.

Shares of Vocus (NASDAQ: VOCS) traded down 1.03% during mid-day trading on Wednesday, hitting $10.54. Vocus has a one year low of $8.05 and a one year high of $20.64. The stock’s 50-day moving average is currently $9.71. The company’s market cap is $211.7 million.

Vocus (NASDAQ: VOCS) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.01. The company had revenue of $46.30 million for the quarter, compared to the consensus estimate of $46.51 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. Vocus has set its Q2 guidance at ($0.03)-($0.02) EPS and its FY13 guidance at $0.15-0.18 EPS. On average, analysts predict that Vocus will post $0.16 earnings per share for the current fiscal year.

Vocus, Inc (NASDAQ: VOCS) is a provider of cloud marketing software.

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