The U.S. investment firm Stifel Nicolaus Investment released report, downgrading the Jiayuan.com’s stock rating from “buy” down to “hold”, mainly due to the Q4 financial statements released by the Jiayuan.com fell short of expectations, reflecting the rise in costs, gross margin shrink and intensifying competitions.
Bank of America Merrill Lynch cut the stock rating of Jiayuan.com to “underperform” and lowered the Jiayuan.com stock price target from $13 to $6.6.
Citigroup released a report to rate the Jianyuan.com stock as “buy / high risk” and lower the Jianyuan.com stock price target from $11.2 to $8.7.
Jiayuan.com recognized revenue of $14.1 million, an increase of 53.6% compared to the last year same period, in line with the company’s previous expectation. Operating loss was 4.3 million yuan ($690,000) versus an operating profit of 13.2 million yuan; net loss was $1.2 million yuan ($190,000) versus a net profit of 10 million yuan.