Geeknet (NASDAQ:GKNT) was upgraded by analysts at Thomson Reuters/Verus from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, AnalystRatings.Net reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Geeknet from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, May 15th. Analysts at Benchmark Co. cut their price target on shares of Geeknet from $22.00 to $18.00 in a research note to investors on Thursday, May 9th. They now have a “buy” rating on the stock.
Shares of Geeknet (NASDAQ: GKNT) opened at 14.62 on Monday. Geeknet has a one year low of $12.38 and a one year high of $20.20. The stock’s 50-day moving average is currently $14.28. The company has a market cap of $96.7 million and a P/E ratio of 6.96.
Geeknet (NASDAQ:GKNT) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by $0.06. The company had revenue of $19.60 million for the quarter, compared to the consensus estimate of $21.19 million. On average, analysts predict that Geeknet will post $0.06 earnings per share for the current fiscal year.
Geeknet, Inc (NASDAQ: GKNT) is an online network for the global geek community, which is consisted of technology enthusiasts and general consumers of geek-themed, technology-oriented and culture goods.