Analysts at JMP Securities initiated coverage on shares of Kit Digital (NASDAQ: KITD) in a research report issued to clients and investors on Wednesday. The firm set a “market perform” rating on the stock.
A number of other firms have also recently commented on KITD. Analysts at Janney Montgomery Scott downgraded shares of Kit Digital from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, May 3rd. Separately, analysts at ThinkEquity downgraded shares of Kit Digital from a “buy” rating to a “hold” rating in a research note to investors on Thursday, May 3rd. They now have a $6.00 price target on the stock, down previously from $22.00. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Kit Digital in a research note to investors on Monday, April 2nd.
Kit Digital traded down 4.26% on Wednesday, hitting $3.82. Kit Digital has a 1-year low of $3.95 and a 1-year high of $12.73. The company’s market cap is $181.2 million.
Kit Digital last posted its quarterly earnings results on Tuesday, May 15th. The company reported ($0.53) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.33) by $0.20. The company’s quarterly revenue was up 71.0% on a year-over-year basis. Analysts expect that Kit Digital will post $-0.07 EPS next quarter.
KIT digital, Inc. (KIT digital), through its operating subsidiaries, provides enterprise clients an end-to-end technology platform for managing Internet Protocol (IP)-based video assets across the browser, mobile device and Internet protocol television (IPTV) set-top box-enabled television set.