Barrington Reiterates Their Buy Rating on GSV Capital

Barrington analyst Alexander Paris reiterated a Buy rating on GSV Capital (NASDAQ: GSVC) today and set a price target of $11. The company’s shares opened today at $6.60.

Paris observed:

“We are optimistic that continued strength in the IPO market and continued M&A activity will be a positive catalyst for GSV. The IPO market rebounded in 2017 with 153 IPOs for proceeds of $32 billion, versus 102 IPOs for proceeds of $19 billion in 2016. Year to date, there have been 65 IPOs for proceeds of $19 billion, both of which were up 28% YOY. As such, we are reiterating our OUTPERFORM investment rating and our price target of $11.”

According to TipRanks.com, Paris is a 4-star analyst with an average return of 11.5% and a 57.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Capella Education Company.

GSV Capital has an analyst consensus of Moderate Buy, with a price target consensus of $11.

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GSV Capital’s market cap is currently $146.8M and has a P/E ratio of 12.43. The company has a Price to Book ratio of 0.72.

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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.