Stock Analyst Coverage Initiated on These Companies: INSM, DNDN, MDVN, WBMD, VPRT, SFLY, RLOC, QNST, OPEN, LNKD, IACI, AWAY

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage on September 16th.

  • Insmed (NASDAQ:INSM): Wedbush initiated coverage of this company with a rating of Outperform and a price target of $15.  About the company: Insmed Incorporated is a biopharmaceutical company focused on the development of innovative inhaled pharmaceuticals for the site-specific treatment of serious lung diseases, and has a proprietary protein platform aimed at niche markets with unmet medical need. Insmed’s primary focus is on the development of inhaled antibiotic therapy delivered via proprietary advanced pulmonary liposome technology in areas of high unmet need in lung diseases.
  • Dendreon (NASDAQ:DNDN): William Blair initiated coverage of this company with a rating of Underperform.  No price target was given.  About the company: Dendreon Corporation discovers and develops immunologically based therapeutic products for the treatment of cancer. The Company combines knowledge in immunology and antigen engineering with proprietary cell separation technologies to develop therapeutic vaccines that induce cell-mediated immunity, the body’s key defense against cancer.
  • Medivation (NASDAQ:MDVN): William Blair initiated coverage of this company with a rating of Outperform.  No price target was given.  About the company: Medivation Inc. acquires, develops, and sells or partners biomedical technologies in the early development stage of the research and development process.
  • WebMD Health (NASDAQ:WBMD): Barclays Capital initiated coverage of this company with a rating of Underweight and a price target of $36.  About the company: WebMD Health Corp. provides health information services to consumers, physicians, healthcare professionals, employers, and health plans. The Company provides its services through its public and private online portals and health-focused publications.
  • Vistaprint (NASDAQ:VPRT): Barclays Capital initiated coverage of this company with a rating of Equal Weight and a price target of $29.  About the company: VistaPrint NV is an online supplier of graphic design and customized printed products to small businesses and consumers worldwide. The Company offers products such as business cards, brochures, and holiday cards.
  • Shutterfly (NASDAQ:SFLY): Barclays Capital initiated coverage of this company with a rating of Overweight and a price target of $73.  About the company: Shutterfly, Inc. operates an e-commerce Internet website. The website offers a wide range of photo-related products and services for social expression and personal publishing.
  • ReachLocal (NASDAQ:RLOC): Barclays Capital initiated coverage of this company with a rating of Underweight and a price target of $16.  About the company: ReachLocal, Inc. is an online marketing company that helps small and medium sized businesses, or SMBs, acquire, maintain and retain customers via the Internet. The Company offers a comprehensive suite of online marketing and reporting solutions, including search engine marketing, display advertising, remarketing and online marketing analytics, each targeted to the SMB market.
  • QuinStreet (NASDAQ:QNST): Barclays Capital initiated coverage of this company with a rating of Equal Weight and a price target of $15.  About the company: QuinStreet Inc. specializes in vertical marketing and media on the Internet.  The Company focuses on clients in the education and financial services industries, as well as has a presence in the home services, business-to-business, or B2B, and healthcare industries.
  • OpenTable (NASDAQ:OPEN): Barclays Capital initiated coverage of this company with a rating of Underweight and a price target of $60.  About the company: OpenTable, Inc. provides free, real-time online restaurant reservations for diners through an online booking service.  The Company also offers reservation and guest management solutions for restaurants.  Open Table allows users to search for tables based on desired criteria for cuisine, price, and location.
  • LinkedIn (NYSE:LNKD): Barclays Capital initiated coverage of this company with a rating of Overweight and a price target of $93.  About the company: LinkedIn Corporation operates a social networking website used for professional networking. The Company’s website allows members to post a profile of their professional expertise and accomplishments. LinkedIn allows members to be introduced to potential clients, service providers, and subject experts.
  • InterActiveCorp (NASDAQ:IACI): Barclays Capital initiated coverage of this company with a rating of Overweight and a price target of $55.  About the company: IAC/InterActiveCorp operates Internet businesses. The Company’s websites offer search, gaming, dating, directory, footwear retailing, and campsite reservation services.
  • HomeAway (AWAY): Barclays Capital initiated coverage of this company with a rating of Equal Weight and a price target of $42.  About the company: HomeAway, Inc. (HomeAway) is an early-stage company. HomeAway operates the online marketplace for the vacation rental industry.

(Note: Data on stock ratings are sourced from Briefing.com via the Wall St. Journal.  All data are assumed to be accurate.)

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