In a new report, Northland Capital Markets analyst Jeff Houston reduced the firm’s price target for GSV Capital Corp GSVC 0.17%, but reiterated the firm’s bullish outlook for the stock. Houston also provides updates on some of GSV’s best and worst-performing holdings.
One of GSV’s most disappointing positions has been Twitter Inc TWTR, which is down 41 percent. According to GSV’s most recent update, its Twitter stake is now down to only 6.2 percent of NAV compared to 7.0 percent in Q2 of 2015. “We like the continued monetization of this position,” Houston notes.
While positions like Twitter and Chegg Inc CHGG 35.02% have weighed on GSV’s returns, Houston also points out that investments in Palantir Technologies and Lyft have offset much of Twitter’s underperformance.
Palantir’s most recent $129 million fundraising round represents…
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