Zacks Investment Research Lowers NTN Buzztime Inc (NYSEMKT:NTN) to Hold
NTN Buzztime Inc (NYSEMKT:NTN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
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. “
Shares of NTN Buzztime (NTN) opened at 6.5001 on Wednesday. NTN Buzztime has a 52-week low of $5.22 and a 52-week high of $12.00. The firm’s market cap is $16.07 million. The company’s 50-day moving average is $6.62 and its 200 day moving average is $7.61.
NTN Buzztime (NYSEMKT:NTN) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.35. The company had revenue of $5.23 million during the quarter, compared to the consensus estimate of $5.52 million. NTN Buzztime had a negative net margin of 1.72% and a negative return on equity of 7.30%. On average, analysts expect that NTN Buzztime will post ($0.42) earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. acquired a new stake in shares of NTN Buzztime during the first quarter worth approximately $1,720,000. Eagle Asset Management Inc. acquired a new stake in shares of NTN Buzztime during the first quarter worth approximately $775,000. Finally, Renaissance Technologies LLC boosted 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 worth $294,000 after buying an additional 9,000 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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