RMG Networks Holding Corporation (RMGN) Given a $3.00 Price Target by Roth Capital Analysts
Roth Capital set a $3.00 target price on RMG Networks Holding Corporation (NASDAQ:RMGN) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the business services provider’s stock.
RMGN has been the topic of a number of other reports. Zacks Investment Research cut shares of RMG Networks Holding Corporation from a hold rating to a sell rating in a research report on Wednesday, August 9th. ValuEngine cut shares of RMG Networks Holding Corporation from a hold rating to a sell rating in a research report on Friday, September 1st.
RMG Networks Holding Corporation (NASDAQ:RMGN) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). The firm had revenue of $9.09 million for the quarter, compared to analysts’ expectations of $10.10 million. RMG Networks Holding Corporation had a negative net margin of 11.30% and a negative return on equity of 50.92%.
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A hedge fund recently raised its stake in RMG Networks Holding Corporation stock. Renaissance Technologies LLC increased its stake in RMG Networks Holding Corporation (NASDAQ:RMGN) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,100 shares of the business services provider’s stock after purchasing an additional 4,600 shares during the quarter. Renaissance Technologies LLC owned about 0.60% of RMG Networks Holding Corporation worth $210,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 10.17% of the company’s stock.
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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