Zedge (NYSEAMERICAN:ZDGE – Get Rating) issued its quarterly earnings data on Monday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02), Fidelity Earnings reports. Zedge had a return on equity of 26.15% and a net margin of 37.67%.
Shares of Zedge stock opened at $3.77 on Wednesday. The company has a market cap of $52.31 million, a P/E ratio of 6.28 and a beta of 1.01. Zedge has a one year low of $3.67 and a one year high of $19.90.
In other Zedge news, Director Mark Ghermezian bought 4,355 shares of the business’s stock in a transaction on Monday, April 18th. The stock was bought at an average price of $5.81 per share, with a total value of $25,302.55. Following the completion of the purchase, the director now directly owns 28,253 shares in the company, valued at $164,149.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have acquired 11,070 shares of company stock valued at $59,390. 22.00% of the stock is owned by insiders.
Separately, Maxim Group began coverage on Zedge in a report on Thursday, April 14th. They issued a “buy” rating and a $16.00 price objective on the stock.
About Zedge (Get Rating)
Zedge, Inc operates a digital publishing and content platform worldwide. Its platform enables consumers to personalize their mobile devices with ringtones, home screen app icons, wallpapers, widgets, and notification sounds. The company was incorporated in 2008 and is based in New York, New York.
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