ValuEngine Upgrades NTN Buzztime Inc (NYSEMKT:NTN) to “Hold”
NTN Buzztime Inc (NYSEMKT:NTN) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other research firms have also recently issued reports on NTN. Roth Capital set a $9.00 price objective on NTN Buzztime and gave the company a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded NTN Buzztime from a “sell” rating to a “hold” rating and set a $9.25 price objective on the stock in a research report on Friday, May 5th.
NTN Buzztime (NTN) traded up 1.57% during trading on Friday, hitting $7.11. The stock had a trading volume of 9,611 shares. The firm’s market cap is $17.87 million. The company’s 50-day moving average is $6.33 and its 200 day moving average is $7.15. NTN Buzztime has a 52 week low of $5.22 and a 52 week high of $12.00.
NTN Buzztime (NYSEMKT:NTN) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.28. The company had revenue of $5.55 million for the quarter, compared to the consensus estimate of $5.74 million. NTN Buzztime had a negative return on equity of 7.30% and a negative net margin of 1.72%. Equities analysts expect that NTN Buzztime will post ($0.42) EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in NTN Buzztime by 20.6% in the fourth quarter. Renaissance Technologies LLC now owns 25,129 shares of the company’s stock worth $214,000 after buying an additional 4,300 shares in the last quarter. North Star Investment Management Corp. raised its position in NTN Buzztime by 23.8% in the second quarter. North Star Investment Management Corp. now owns 247,697 shares of the company’s stock worth $1,684,000 after buying an additional 47,697 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in NTN Buzztime during the first quarter worth approximately $775,000.
NTN Buzztime Company Profile
NTN Buzztime, Inc, formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers.
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