In a report released today, Alexander Paris from Barrington maintained a Buy rating on GSV Capital (GSVC), with a price target of $11. The company’s shares closed yesterday at $7.49, close to its 52-week high of $7.82.
Paris observed:
“We are optimistic that the steps management has taken to enhance shareholder returns, combined with continued strength in the IPO market and continued M&A activity, will be positive catalysts for GSV going forward. The IPO market was robust in 2018 with 214 deals (topping 200 for the third time in a decade) for proceeds of $54 billion, up from 176 deals for proceeds of $43.9 billion in 2017. As such, we are reiterating our OUTPERFORM investment rating and our 12‐month price target of $11. Company Description GSV Capital Corp. (GSVC) is a publicly traded investment fund that seeks to invest in high‐ growth, venture‐backed private companies.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 7.2% and a 47.6% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
Currently, the analyst consensus on GSV Capital is a Moderate Buy with an average price target of $10.25, implying a 36.8% upside from current levels. In a report issued on March 18, Ascendiant also maintained a Buy rating on the stock with a $9.50 price target.
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The company has a one-year high of $7.82 and a one-year low of $4.99. Currently, GSV Capital has an average volume of 144.9K.
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GSV Capital Corp is a non-diversified closed-ended fund company. The fund invests in public and private companies located in the US and Non-US. It targets companies operating in the fields of social media, mobile computing and apps, cloud computing, software services, green technology, and education technology.
