NTN Buzztime Inc (NTN) Upgraded 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 report issued to clients and investors on Saturday. The firm currently has a $8.25 price objective on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 11.64% from the stock’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 shares of 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 has a 50 day moving average price of $6.76 and a 200 day moving average price of $6.98. NTN Buzztime has a one year low of $4.00 and a one year high of $15.00. The company’s market capitalization is $13.58 million.
NTN Buzztime (NYSEMKT:NTN) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.17. The business earned $5.40 million during the quarter, compared to analysts’ expectations of $5.50 million. On average, equities research analysts predict that NTN Buzztime will post ($1.72) earnings per share 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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