Loopnet (NASDAQ:LOOP) reported Q4 EPS of $0.11, better than analyst estimates of $0.08 per share. Revenues for the quarter rose 10.5% year-over-year to $22.10 million, better than consensus estimates of $21.80 million.
LoopNet (NASDAQ:LOOP) has potential upside of 8.4% based on a current price of $17.46 and an average consensus analyst price target of $18.94.
LoopNet is currently below its 200-day moving average (MA) of $17.77 and should find support at its 50-day MA of $17.27.
In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has remained constant.
LoopNet, Inc. operates a real estate marketing Internet website. The Company offers advertisements for commercial properties in the United States.
