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Art Technology Group, Inc. (ARTG) [hlAlert]

Rating:
Outperform
ARTG
up 90.44 %

Art Technology Group, Inc. (ARTG) rated Outperform with price target $5 by Wedbush Morgan

Posted on: Friday,  Jul 17, 2009  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Outperform Art Technology Group, Inc. (NASDAQ: ARTG) on 07/17/2009. Previously Wedbush Morgan rated Strong Buy Art Technology Group, Inc. (NASDAQ:
ARTG) on 05/01/2009., when the stock price was $3.14. Since then, Art Technology Group, Inc. has gained 90.45% as of 01/05/2011's recent price of $5.98.
If you would have followed the previous Wedbush Morgan's recommendation on ARTG, you would have gained 90.44% of your investment in 614 days.

Art Technology Group, Inc. (ATG) develops and markets a suite of e-commerce software products and software-as-a-service (SaaS) solutions, as well as provide related services, including support and maintenance, professional services, application hosting, e-commerce optimization services for enhancing online sales, and education. Its solutions are designed to provide an e-commerce Website for its customers to create an online customer base. Its ATG Commerce Suite consists of solutions delivered through perpetual software licenses or delivered as recurring SAAS solutions. The Company?s products suite include The ATG Commerce Suite, The ATG Adaptive Scenario Engine, ATG Commerce Search, ATG Merchandising, ATG Content Administration, ATG Outreach, ATG Self-Service, ATG Commerce Service and ATG Knowledge. In February 2008, the Company acquired eShopperTools.com, Inc. (CleverSet). Its subsidiaries include Primus Knowledge Solutions, Inc., eStara, Inc., and CleverSet.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/17/2009 9:25 AM Buy
None
4.47 5.00
as of 12/31/2009
1 Week up  30.71 %
1 Month up  48.51 %
3 Months up  55.44 %
1 YTD up  34.22 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/1/2009 9:25 AM Buy
None
3.14 4.25

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