NTN Buzztime Inc (NTN) Rating Increased to Buy at Zacks Investment Research
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 brokerage presently has a $8.25 price target on the stock. Zacks Investment Research’s price target would indicate a potential upside of 11.64% 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. “
Separately, Roth Capital set a $7.00 target price on NTN Buzztime and gave the stock a “hold” rating in a research note on Wednesday, November 2nd.
Shares of NTN Buzztime (NYSEMKT:NTN) opened at 7.39 on Friday. The stock’s market capitalization is $13.58 million. The company’s 50 day moving average price is $6.76 and its 200-day moving average price is $6.98. NTN Buzztime has a 52 week low of $4.00 and a 52 week high of $15.00.
NTN Buzztime (NYSEMKT:NTN) last announced its quarterly earnings data on Tuesday, November 8th. The company reported ($0.31) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.17. The company had revenue of $5.40 million for the quarter, compared to analysts’ expectations of $5.50 million. Equities research analysts predict that NTN Buzztime will post ($1.72) EPS for the current year.
About NTN Buzztime
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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