We reiterate our Sell rating on shares of LoopNet, Inc. (LOOP) following the release of Q1 results. Although the company owns the leading online commercial real estate marketplace, we believe that a challenging near-term operating environment will curtail share price appreciation.
Continuing macro-economic challenges will likely put stress on the commercial real estate sector, in our opinion, as slower economic growth combined with tight access to debt capital may limit transaction activity. Various key operating metrics have weakened for four consecutive quarters, and we believe that a lower multiple is appropriate at this time.
LoopNet, Inc. (LOOP) : FULL ANALYST REPORT
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Read the full analyst report on LOOP

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