Zacks Investment Research Upgrades NTN Buzztime Inc (NTN) to “Buy”
NTN Buzztime Inc (NYSEMKT:NTN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm currently has a $6.75 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 23.85% from the company’s previous close.
According to Zacks, “NTN Buzztime, Inc.is a leading developer, publisher and distributor of interactive entertainment for massive audiences on numerous consumer platforms. Millions of people are exposed to the Buzztime Network every month in restaurants, sports bars and pubs throughout the U.S., Canada and the UK. Originating from the Buzztime iTV Studio in Carlsbad, CA for over 20 years, the Network includes trivia game shows, card games, live sports games, polling and other games that enable a virtually unlimited number of people to play live competitions against one another for fun, prizes and fame. Buzztime’s programming is also available on cable TV, satellite TV, mobile phones, electronic home games, portable travel games and as a trivia book series. The Company also owns and operates NTN Hospitality Technologies which develops, sells and services software and technology that increase productivity and sales in casual dining restaurants. “
Several other research firms have also recently issued reports on NTN. ValuEngine cut shares of NTN Buzztime from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Roth Capital set a $9.00 price target on shares of NTN Buzztime and gave the stock a “hold” rating in a research note on Tuesday, August 1st.
NTN Buzztime (NTN) opened at $5.45 on Friday. NTN Buzztime has a twelve month low of $5.42 and a twelve month high of $12.00.
Several institutional investors have recently added to or reduced their stakes in NTN. Vanguard Group Inc. boosted its position in shares of NTN Buzztime by 25.7% in the second quarter. Vanguard Group Inc. now owns 17,610 shares of the company’s stock worth $120,000 after acquiring an additional 3,606 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of NTN Buzztime by 35.8% in the first quarter. Renaissance Technologies LLC now owns 34,129 shares of the company’s stock worth $294,000 after acquiring an additional 9,000 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of 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 acquiring an additional 47,697 shares during the last quarter. Finally, AWM Investment Company Inc. acquired a new stake in shares of NTN Buzztime in the second quarter worth approximately $2,204,000.
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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