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NASDAQ Morning Movers; (ANGI), (EMITF), (VCLK), (Z)
Category: Investment
Ideas get bigger when you share them...
Visit: Angie's List Inc.
New York, New York - February 14, 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 February 14th, 2013.
Angie's List Inc., (NASDAQ:ANGI) trading at $17.58 jumped up $ 3.96 or 29.07% on a high volume of 3,239,009 shares, making it today's top "morning mover" on the NASDAQ.
Angie's List Inc. shares rose in the wake of the online professional services recommendation company's upbeat quarterly results and forecast. Late yesterday, Angie's List reported a fourth-quarter profit of $2.4 million, or 4 cents a share, on revenue of $46.2 million for the quarter ended Dec. 31. During the same period a year ago, Angie's List lost $5.9 million, or 14 cents a share, on $27.4 million in sales. Analysts surveyed by FactSet had forecast Angie's List to lose 2 cents a share on $46 million in revenue. After the positive results, Aaron Kessler, of Raymond James, raised his rating on Angie's List from outperform to strong buy.
Elbit Imaging Ltd., (NASDAQ:EMITF) trading at $2.50 gained $0.49 or 24.38% on a volume of 40,488 shares.
ValueClick Inc., (NASDAQ:VCLK) trading at $25.42 rose by $3.59 or 16.45% on a volume of 2,096,793 shares.
ValueClick shares were trading higher this morning after the digital marketing company posted better-than-expected Q4 financial results.
For the quarter, ValueClick reported revenues of $199.6 million, up 14% from a year ago, and ahead of the Street consensus at $198.2 million. Non-GAAP profits were 56 cents a share ahead of the Street at 52 cents. Adjusted EBITDA was $77.1 million, up 26% from a year ago; adjusted-EBITDA margin rose to 38.6%, from 34.8%.
Zillow Inc., (NASDAQ:Z) trading at $43.82 gained $4.85 or 12.45% on a volume of 2,691,562 shares.
Zillow Inc's quarterly revenue jumped 73 percent as the real estate website attracted more users, a trend set to continue into a first quarter which the company says promises higher earnings than analysts had expected.
Shares of Zillow rose after-market trading after the company forecast revenue in the current quarter within a range of $36 million to $37 million, as opposed to the analyst expected $34 million.
With 45.9 million unique users, January 2013 was a record month for traffic, the company said, with more than half of all users accessing the site using mobile devices.
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