NASDAQ Morning Movers; (NFLX), (JAXB), (HMNF), (TZOO)
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New York, New York - January 24, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the NASDAQ for January 24th, 2013.
Netflix Inc., (NASDAQ:NFLX) trading at $141.1899 jumped up $37.93 or 36.73% on a volume of 8,854,401 shares, making it today's top "morning mover".
Netflix recently reported a surprise fourth-quarter profit led by better-than-expected additions to its U.S. video-streaming subscriber base which led man analysts to upgrade the stock causing a rapid surge in the company'stock.
At least four analysts raised their ratings on Netflix: Barton Crockett, of Lazard Capital Markets, upgraded Netflix to buy from neutral and set a price target of $200 on the company's stock, Raymond James analyst Aaron Kessler raised his rating on Netflix to market perform, or neutral, from underperform, J.P. Morgan analyst Doug Anmuth raised up to overweight from neutral and Tim Nollen at Macquaire raised his rating on the stock to neutral from underperform.
Jacksonville Bancorp Inc., (NASDAQ:JAXB) trading at $2.85 gained $0.65 or 29.55% on a volume of 87,716 shares.
HMN Financial Inc., (NASDAQ:HMNF) trading at $6.06 moved up $1.33 or 28.13% on a volume of 104,266 shares.
Travelzoo Inc., (NASDAQ:TZOO) trading at $23.18 gained $3.97 or 20.67% on a volume of 624,081 shares.
Travelzoo stocks rose after releasing fourth quarter financial results that beat market expectations. Netflix reported a revenue of $37.0 million, an increase of 5% year-over-year. Operating income was $4.4 million, down 47% year-over-year. Net income was $3.8 million, with earnings per share of $0.24, down from $0.40 in the prior-year period. For the full year, revenue was $151.2 million, an increase of 2% year-over-year. GAAP operating income was $25.5 million, up 70% year-over-year. Non-GAAP operating income was $28.5 million, down 19% year-over-year. GAAP net income was $18.2 million, with earnings per share of $1.14, up from $0.20 in the prior-year period. Non-GAAP net income was $21.2 million, with earnings per share of $1.33, down from $1.42 in the prior-year period.
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