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Fly News Breaks for September 4, 2015
SCOR
Sep 4, 2015 | 06:09 EDT
Brean Capital analyst Todd Mitchell yesterday said the recent selloff in shares of comScore is likely an overreaction. The stock has retreated after the Wall Street Journal pointed out that the company was recognizing non-monetary revenue from barter transactions. comScore recognition of these deals is in line with generally accepted accounting practices, and the impact on Q2 results highlighted in the Journal's story was much greater than it will be on full-year 2015 results, Mitchell told investors in a research note. He expects management to address the barter concerns when presenting at the Brean Capital Technology Conference on Wednesday September 9. The analyst reiterated a Buy rating on comScore with a $67 price target.