The Roth Capital Reiterates “$7.00” Price Target for NTN Buzztime Inc (NTN)

The Roth Capital Reiterates “$7.00” Price Target for NTN Buzztime Inc (NTN)

NTN Buzztime Inc (NYSEMKT:NTN) has been given a $7.00 price target by Roth Capital in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Roth Capital’s target price would suggest a potential downside of 24.16% from the company’s current price.

Separately, Zacks Investment Research downgraded NTN Buzztime from a “buy” rating to a “hold” rating in a research report on Saturday, July 9th.

Shares of NTN Buzztime (NYSEMKT:NTN) traded up 9.88% during midday trading on Wednesday, hitting $9.23. 4,559 shares of the company’s stock traded hands. The company has a 50 day moving average of $6.95 and a 200 day moving average of $7.02. NTN Buzztime has a 52 week low of $4.00 and a 52 week high of $12.00. The stock’s market cap is $16.96 million.

NTN Buzztime (NYSEMKT:NTN) last released its earnings results on Tuesday, November 8th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.17. The firm had revenue of $5.40 million for the quarter, compared to the consensus estimate of $5.50 million. On average, equities analysts forecast that NTN Buzztime will post ($1.50) EPS for the current fiscal year.

In related news, Director Jeffrey Alan Berg acquired 5,620 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was acquired at an average cost of $7.24 per share, with a total value of $40,688.80. Following the completion of the purchase, the director now directly owns 10,600 shares in the company, valued at $76,744. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A hedge fund recently raised its stake in NTN Buzztime stock. Renaissance Technologies LLC raised its position in shares of NTN Buzztime Inc (NYSEMKT:NTN) by 2.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 833,800 shares of the company’s stock after buying an additional 22,000 shares during the period. Renaissance Technologies LLC owned about 0.91% of NTN Buzztime worth $124,000 at the end of the most recent reporting period.

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