ValuEngine Downgrades NTN Buzztime Inc (NTN) to Sell
NTN Buzztime Inc (NYSEMKT:NTN) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.
NTN has been the topic of several other reports. Zacks Investment Research cut shares of NTN Buzztime from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Roth Capital set a $9.00 price target on shares of NTN Buzztime and gave the stock a “hold” rating in a research report on Tuesday, August 1st.
NTN Buzztime (NYSEMKT:NTN) traded up 0.96% during trading on Friday, hitting $7.37. 4,373 shares of the stock were exchanged. The company’s market cap is $18.45 million. NTN Buzztime has a one year low of $5.42 and a one year high of $12.00. The stock’s 50 day moving average is $7.05 and its 200-day moving average is $7.05.
NTN Buzztime (NYSEMKT:NTN) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.28. NTN Buzztime had a negative net margin of 1.72% and a negative return on equity of 7.30%. The firm had revenue of $5.55 million for the quarter, compared to analysts’ expectations of $5.74 million. On average, equities research analysts expect that NTN Buzztime will post ($0.46) earnings per share for the current fiscal 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 dated Friday, August 11th. The stock was sold at an average price of $7.52, for a total value of $45,819.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 15,994 shares of company stock worth $119,923 in the last three months.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position 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 worth $120,000 after buying an additional 3,606 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of NTN Buzztime by 20.6% in the fourth quarter. Renaissance Technologies LLC now owns 25,129 shares of the company’s stock worth $214,000 after buying an additional 4,300 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of NTN Buzztime by 23.8% in the second quarter. North Star Investment Management Corp. now owns 247,697 shares of the company’s stock worth $1,684,000 after buying an additional 47,697 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of NTN Buzztime during the first quarter worth $775,000. Finally, AWM Investment Company Inc. bought a new position in shares of NTN Buzztime during the second quarter worth $2,204,000.
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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