Loop Media (NYSEAMERICAN:LPTV) Given New $0.50 Price Target at Roth Mkm

Loop Media (NYSEAMERICAN:LPTV) had its price objective trimmed by Roth Mkm from $2.00 to $0.50 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Separately, B. Riley reduced their price objective on Loop Media from $2.50 to $1.50 and set a buy rating on the stock in a research report on Wednesday, March 20th.

Loop Media Trading Down 2.6 %

Shares of NYSEAMERICAN:LPTV opened at $0.22 on Wednesday. Loop Media has a 52-week low of $0.20 and a 52-week high of $3.80. The firm has a market capitalization of $15.69 million, a PE ratio of -0.46 and a beta of 1.85.

Loop Media (NYSEAMERICAN:LPTV) last issued its quarterly earnings data on Friday, May 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The firm had revenue of $4.00 million during the quarter, compared to analyst estimates of $6.42 million. On average, equities analysts anticipate that Loop Media will post -0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Loop Media

An institutional investor recently raised its position in Loop Media stock. Thoroughbred Financial Services LLC increased its holdings in shares of Loop Media, Inc. (NYSEAMERICAN:LPTV) by 40.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,000 shares of the company’s stock after buying an additional 20,000 shares during the quarter. Thoroughbred Financial Services LLC owned about 0.12% of Loop Media worth $70,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 37.79% of the company’s stock.

Loop Media Company Profile

Loop Media, Inc operates as a multichannel digital video platform media company in the United States. The company offers hand-curated music video content licensed from major and independent record labels, including Universal Music Group, Sony Music Entertainment, and Warner Music Group; and non-music video content, which is licensed or acquired from third parties, such as action sports clips, drone and atmospheric footage, trivia, news headlines, lifestyle channels, and kid-friendly videos, as well as movie, television and video game trailers, and other content.