NTN Buzztime (NTN) Upgraded at Zacks Investment Research

NTN Buzztime (NYSEAMERICAN:NTN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $6.50 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 30.00% from the company’s current price.

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. “

NTN Buzztime stock opened at $5.00 on Wednesday. NTN Buzztime has a 12 month low of $5.47 and a 12 month high of $5.50.

NTN Buzztime (NYSEAMERICAN:NTN) last posted its earnings results on Wednesday, May 9th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.11. The firm had revenue of $5.76 million during the quarter, compared to the consensus estimate of $5.36 million. NTN Buzztime had a negative return on equity of 12.21% and a negative net margin of 3.54%.

In other NTN Buzztime news, major shareholder Awm Investment Company, Inc. sold 4,253 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $6.91, for a total value of $29,388.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

An institutional investor recently bought a new position in NTN Buzztime stock. Bard Associates Inc. acquired a new position in shares of NTN Buzztime (NYSEAMERICAN:NTN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,100 shares of the company’s stock, valued at approximately $137,000. Bard Associates Inc. owned about 0.80% of NTN Buzztime at the end of the most recent reporting period.

NTN Buzztime Company Profile

NTN Buzztime, Inc provides venue social gaming and marketing entertainment services. It offers entertainment and dining technology to bars and restaurants in North America. The company also provides entertainment network which helps to network subscribers to acquire, engage and retain patrons. NTN Buzztime was founded in 1984 and is headquartered in Carlsbad, CA.

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