Jefferies Maintains Buy Rating on ACOM

Jefferies has reiterated Ancestry.com's (NASDAQ: ACOM) Buy Rating after a series of investor meetings.

According to Jefferies, "We hosted a series of investor meetings with ACOM management yesterday; here are three key takeaways. 1) We expect the company to meet if not exceed its 1Q11 ending sub guidance of 1,545K. 2) ratings for season 2 of WDYTYA remain strong, with NBC already committed to season 3. 3) mgt is aggressively pursuing further int'l expansion (Germany) and exploring different pricing options to extend subscribers' LTV."

ACOM has a $40 PT and closed at $32.41 yesterday.