Open Loan Price Target Dropped To $ 2 From $ 7 In Needham

Needham went down the company target price in open loans (Ravine) to $ 2 from $ 7 and maintains a purchase rating in shares. The company reported that the poor results of the fourth quarter, drastically lacking the expectations of the street in the upper and lower result due to a considerable negative value review in the flow of income for participation in the profits, the analyst tells investors in a research note, and adds that management did not provide guidance Q1 and announced that the president of the Junta Jessica Buss will assume the position of CEO immediately. However, the firm adds that, although the quarter was disappointing, open loans now have more than 40% of their market limit in net cash and the shares are operated with only 1.8 times the value in tangible books.

No results