NTN Buzztime Inc (NTN) Given a $9.00 Price Target at Roth Capital

Roth Capital set a $9.00 target price on NTN Buzztime Inc (NYSEMKT:NTN) in a research report report published on Tuesday, August 1st. The firm currently has a hold rating on the stock.

Separately, Zacks Investment Research lowered NTN Buzztime from a buy rating to a hold rating in a report on Wednesday, July 5th.

NTN Buzztime (NYSEMKT NTN) remained flat at $7.92 during midday trading on Tuesday. 434 shares of the company were exchanged. The stock’s 50-day moving average is $6.80 and its 200 day moving average is $7.05. The stock’s market cap is $19.82 million. NTN Buzztime has a 52-week low of $5.25 and a 52-week high of $12.00.

NTN Buzztime (NYSEMKT:NTN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.07) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.28. NTN Buzztime had a negative return on equity of 7.30% and a negative net margin of 1.72%. The firm had revenue of $5.55 million during the quarter, compared to analysts’ expectations of $5.74 million. On average, equities analysts forecast that NTN Buzztime will post ($0.46) EPS for the current year.

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In related news, major shareholder Awm Investment Company, Inc. sold 6,093 shares of NTN Buzztime stock in a transaction on Friday, August 11th. The stock was sold at an average price of $7.52, for a total transaction of $45,819.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

A number of hedge funds have recently modified their holdings of NTN. North Star Investment Management Corp. purchased a new stake in shares of NTN Buzztime during the first quarter valued at about $1,720,000. Eagle Asset Management Inc. purchased a new stake in shares of NTN Buzztime during the first quarter valued at about $775,000. Renaissance Technologies LLC raised its stake in shares of NTN Buzztime by 35.8% in the first quarter. Renaissance Technologies LLC now owns 34,129 shares of the company’s stock valued at $294,000 after buying an additional 9,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of NTN Buzztime by 25.7% in the second quarter. Vanguard Group Inc. now owns 17,610 shares of the company’s stock valued at $120,000 after buying an additional 3,606 shares during the last quarter.

NTN Buzztime Company Profile

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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