Accelerize Inc (ACLZ) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Accelerize Inc (NASDAQ:ACLZ) from a strong sell rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Accelerize Inc. is an online based media and customer acquisition solutions provider. It owns and operates CAKE, a software-as-a-service enterprise platform providing online tracking and analytics solutions for advertisers, affiliate marketers, and lead generators. The Company also offers cupCAKE, a campaign management solution for small and medium sized affiliate marketers. Accelerize Inc., formerly known as Accelerize New Media, Inc., is headquartered in Newport Beach, California. “

Shares of Accelerize (NASDAQ ACLZ) opened at 0.2999 on Tuesday. Accelerize has a 1-year low of $0.25 and a 1-year high of $0.58. The company has a 50 day moving average price of $0.29 and a 200 day moving average price of $0.31. The company’s market capitalization is $19.65 million.

Accelerize (NASDAQ:ACLZ) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.01) EPS for the quarter. The company had revenue of $5.99 million for the quarter, compared to the consensus estimate of $6.40 million. Equities analysts predict that Accelerize will post ($0.01) EPS for the current fiscal year.

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About Accelerize

Accelerize Inc owns and operates CAKE and getcake.com, a marketing technology that provides a suite of marketing intelligence tools. The Company’s software-as-a service (SaaS) is an enterprise solution, which provides online tracking and analytics solutions for advertisers and online marketers. The Company provides software solutions for businesses interested in optimizing their digital advertising spend.

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