Roth Mkm Trims Loop Media (NYSEAMERICAN:LPTV) Target Price to $0.50

Loop Media (NYSEAMERICAN:LPTV) had its price target decreased by Roth Mkm from $2.00 to $0.50 in a research report released on Wednesday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Separately, B. Riley lowered their price target on shares of Loop Media from $2.50 to $1.50 and set a buy rating on the stock in a report on Wednesday, March 20th.

Loop Media Stock Performance

LPTV stock opened at $0.24 on Wednesday. Loop Media has a 1-year low of $0.20 and a 1-year high of $3.80. The company has a market cap of $17.31 million, a P/E ratio of -0.51 and a beta of 1.85.

Loop Media (NYSEAMERICAN:LPTV) last released its quarterly earnings data on Friday, May 3rd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The business had revenue of $4.00 million for the quarter, compared to analysts’ expectations of $6.42 million. Equities analysts forecast that Loop Media will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Loop Media

An institutional investor recently raised its position in Loop Media stock. Thoroughbred Financial Services LLC lifted its stake in shares of Loop Media, Inc. (NYSEAMERICAN:LPTV) by 40.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Thoroughbred Financial Services LLC owned 0.12% of Loop Media worth $70,000 as of its most recent SEC filing. Institutional investors own 37.79% of the company’s stock.

Loop Media Company Profile

Loop Media, Inc operates as a multichannel digital video platform media company in the United States. The company offers hand-curated music video content licensed from major and independent record labels, including Universal Music Group, Sony Music Entertainment, and Warner Music Group; and non-music video content, which is licensed or acquired from third parties, such as action sports clips, drone and atmospheric footage, trivia, news headlines, lifestyle channels, and kid-friendly videos, as well as movie, television and video game trailers, and other content.