Berenberg Bank reissued their buy rating on shares of XLMedia (LON:XLM) in a research note released on Tuesday. They currently have a GBX 290 ($4.01) price target on the stock.

Shares of XLMedia (LON XLM) opened at GBX 177 ($2.45) on Tuesday. The stock has a market cap of $388.51 and a P/E ratio of 1,609.09. XLMedia has a 1-year low of GBX 100 ($1.38) and a 1-year high of GBX 224.92 ($3.11).

In related news, insider Ory Weihs purchased 27,322 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average cost of GBX 181 ($2.50) per share, with a total value of £49,452.82 ($68,323.87). Insiders have purchased a total of 82,152 shares of company stock worth $14,881,322 over the last ninety days.

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About XLMedia

XLMedia PLC is the United Kingdom-based online performance marketing company. The Company focuses on paying users from multiple online and mobile channels and directs them to online businesses who, in turn, convert such traffic into paying customers. The Company’s segments include Publishing, Media and Partners Network.

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