RMG Networks Holding Corporation (RMGN) Given a $3.00 Price Target by Roth Capital Analysts

Roth Capital set a $3.00 price target on RMG Networks Holding Corporation (NASDAQ:RMGN) in a research report sent to investors on Wednesday. The brokerage currently has a buy rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of RMG Networks Holding Corporation from a sell rating to a hold rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of RMG Networks Holding Corporation from a sell rating to a hold rating in a research note on Thursday, October 5th.

Shares of RMG Networks Holding Corporation (NASDAQ:RMGN) traded down $0.09 during mid-day trading on Wednesday, reaching $1.15. 164,662 shares of the company’s stock were exchanged, compared to its average volume of 53,279. RMG Networks Holding Corporation has a one year low of $1.05 and a one year high of $4.42.

RMG Networks Holding Corporation (NASDAQ:RMGN) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). RMG Networks Holding Corporation had a negative net margin of 11.30% and a negative return on equity of 50.92%. The business had revenue of $9.09 million for the quarter, compared to analysts’ expectations of $10.10 million. equities analysts predict that RMG Networks Holding Corporation will post -0.42 EPS for the current fiscal year.

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A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC boosted its stake in shares of RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 267,100 shares of the business services provider’s stock after buying an additional 4,600 shares during the period. Renaissance Technologies LLC owned about 0.60% of RMG Networks Holding Corporation worth $210,000 at the end of the most recent reporting period. 10.17% of the stock is currently owned by hedge funds and other institutional investors.

RMG Networks Holding Corporation Company Profile

RMG Networks Holding Corporation provides enterprise-class digital signage solutions. It offers suite of products, including proprietary software, software-embedded hardware, maintenance and support services, content and creative services, installation services, and third-party displays. The company provides Enterprise Server (ES), a robust software application server used to collect content from various applications and other data sources; and Media Players/Smart Digital Appliances, which are software pre-loaded media players that function as the content storage and rendering hardware between its ES content engine and the visual display end-points.

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