Equities researchers at Goldman Sachs Group Inc. started coverage on shares of Energy XXI (Bermuda) Limited (NASDAQ:EXXI) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock. Energy XXI (Bermuda) Limited (NASDAQ:EXXI) stock opened at $21.34 in last trading session, and closed at $21.44, trading in the range of $20.40 – $21.91. The stock showed a positive/negative weekly performance of -6.58%.
Fairway Group Holdings Corp (NASDAQ:FWM) was downgraded by investment analysts at Credit Suisse from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $18.00 price target on the stock, up from their previous price target of $8.00. Credit Suisse’s target price suggests a potential upside of 57.48% from the company’s current price. Fairway Group Holdings Corp (NASDAQ:FWM) shares closed at $8.12 on last trade day, by losing -28.96%. Stock 52 week range is $8.02 – $28.87. Company’s market capitalization is $336.50 million.
Block & Leviton LLP, a Boston-based law firm representing investors nationwide, is investigating possible securities law violations involving Montage Technology Group Ltd (NASDAQ:MONT). The investigation is related to recent allegations that Montage Technology, a Chinese fabrications semiconductor manufacturer, has grossly overstated its revenue and misled investors with regards to its financial performance. Specifically, Gravity Research issued a report on February 6, 2014 which alleges, among other things, that at least 71% of Montage Technology’s revenue in the first three quarters of 2013 was fictitious. According to the Gravity Research report, Montage Technology’s largest distributor—LQW Technology Company Limited— is, in fact, owned by an entity created by Montage Technology and one of its employees. According to the report, this distributor is “nothing more than a shell company used to help fabricate [Montage Technology’s] financials.” Montage Technology Group Ltd (NASDAQ:MONT) stock decrease -9.91% and finished the last session at $15.72. The EPS of the stock remained 0.74. Company’s market capitalization is $416.20 million.
ServiceSource International (NASDAQ:SREV) issued its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.04, ARN reports. The company had revenue of $77.20 million for the quarter, compared to the consensus estimate of $77.49 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Servicesource International Inc (NASDAQ:SREV) stock opened at $7.53 in last trading session and closed at $7.49. The 52 week range of the stock is $5.33 – $13.69 and the day range was $6.97 – $7.90.