Boston, MA 03/03/2014 (wallstreetpr) – Goldman Small Cap Research issued a research update on LiveDeal Inc (NASDAQ:LIVE), the pioneer of online deals.
LiveDeal Inc (NASDAQ:LIVE) drew the attention of Goldman Small Cap Research which is a stock market firm and focusing on small cap and microcap sectors, issued an Opportunity Research update. Analyst Rob Goldman presented his findings on LiveDeal, which provides marketing solutions which boost consumer awareness and merchant visibility on the Internet. It does so mainly through its innovative deal engine, which is a service that brings merchants and consumers closer via a platform which uses geographical locations. The research update was published on Feb 28, 2014.
Research Report
The thesis claims that since the start of the coverage report which it began two weeks back, LiveDeal Inc (NASDAQ:LIVE) has followed various steps. Analyst Goldman says that these steps affirm the thesis and backed their short and long term price objectives. In this context, he pointed out to the company’s $10 million cash funding as well as the introduction of its new mobile app. The proposed mobile application would enable users to gain immediate access to the company’s “instant” real time deal platform.
Search Engine
Goldman views these steps as favoring the company’s core business and revenue strategies which, he says, are preferred by restaurateurs more than Groupon Inc (NASDAQ:GRPN)’s website or other sites which offer similar deals. LiveDeal’s search engine, which is more like the Google Inc (NASDAQ:GOOG) search engine attracts more customers and hence more revenue. It carries more profit margins than the search engines which are typical to other deal websites.
LiveDeal Inc (NASDAQ:LIVE) was up 3.1% trading as many as 136,975 shares on Friday after reporting a down of 6.9% the previous day. It has an average dollar volume of $25.3 million. The average volume for the company has been 2 million shares a day over the last 30 days.
