Goldman Small Cap Research Issues Research Update and Target Price on Livedeal, Inc.
BALTIMORE, Feb. 17, 2014 /PRNewswire/ --
Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, announced today that it has released a new research update on LiveDeal, Inc. (NASDAQ – LIVE), a publicly traded company that provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The update contains a rating and a price target.
LiveDeal operates a deal engine, which is a service that connects merchants and consumers via an innovative platform that uses geo-location, enabling businesses to communicate real-time and instant offers to nearby consumers. In November 2012, LiveDeal commenced the sale of marketing tools that help local businesses manage their online presence under the Company's Velocity Local™ brand. In late 3Q14, LiveDeal acquired leading online retailer ModernEveryday.com, which is generating nearly $10 million in sales annually.
In the Goldman Opportunity Research update on the Company, analyst Rob Goldman outlines his investment thesis:
"LiveDeal recently reported an impressive 2015 fiscal first quarter which included record revenue of $8 million that reflects a greater revenue level than was booked for the entire 2014 fiscal year. A closer look at the Company's financials illustrate the expectation of solid, future top-line results as evidenced by the $3.6 million in inventory represented in the latest balance sheet. Moreover, new initiatives that include the provision of real-time deal content to search engines should drive traffic and new business to the Company."
This press release contains excerpts of our most recently published sponsored research update on LiveDeal, Inc.
About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and micro cap stock research reports, articles, daily stock market blogs, and popular investment newsletters. Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
A Goldman Small Cap Research report, update, newsletter, or article is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other agency. To download our research, view our disclosures, or for more information, visit www.goldmanresearch.com.
Goldman Small Cap Research has been compensated by a third party in the amount of $1500 for investment research services. To date, Goldman Small Cap Research has been compensated a total of $14,500 for investment research services.
About LiveDeal, Inc.: LiveDeal Inc. (NASDAQ – LIVE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. LiveDeal operates a deal engine, which is a service that connects merchants and consumers via an innovative platform that uses geo-location, enabling businesses to communicate real-time and instant offers to nearby consumers. In November 2012, LiveDeal commenced the sale of marketing tools that help local businesses manage their online presence under the Company's Velocity Local™ brand. LiveDeal continues to actively develop, revise, and evaluate these products and services and its marketing strategies and procedures. More information on LIVE can be found at www.LiveDeal.com.
Goldman Small Cap Research
Rob Goldman, Analyst
+1-410-609-7100
[email protected]
SOURCE Goldman Small Cap Research
Related Links
http://www.goldmanresearch.com
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