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Active Network Inc (ACTV) [hlAlert]

Rating:
Buy ACTV
up 161.55 %

Active Network Inc (ACTV) rated Buy by BofA/Merrill

Posted on: Friday,  Nov 30, 2012  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Active Network Inc (NYSE: ACTV) on 11/30/2012, when the stock price was $5.54. Since
then, Active Network Inc has gained 161.55% as of 11/15/2013's recent price of $14.49.
If you would have followed this BofA/Merrill's recommendation on ACTV, you would have gained 161.55% of your investment in 350 days.

Active Network, Inc. is a provider of organization-based cloud computing applications serving a range of customer groups, including business events, community activities, outdoors and sports. The Company operates in two segments: Technology and Marketing services. The technology revenue segment consists of net registration revenue, which is made up of the technology fee. Technology revenue also includes software licensing, installation, training, maintenance and hosting subscriptions. The marketing services revenue segment includes online services, field marketing services and commerce. Registrations lead participants to its network of websites. On January 4, 2010, the Company acquired assets of Clubspaces, Inc. On October 1, 2010, it acquired certain assets of Project: Worldwide, Inc. d/b/a George P. Johnson Company. On February 1, 2011, it acquired Fellowship Technologies, L.P. In November 2011, the Company acquired RTP, LLC.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/30/2012 8:25 AM Buy
None
5.54
as of 12/31/2012
1 Week up  4.91 %
1 Month down  -11.37 %
3 Months down  -11.37 %
1 YTD down  -11.37 %

(*) Stock Price at the time of the recommendation.
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