PointsBet Holdings Limited (OTCMKTS:PBTHF) Receives Average Rating of “Hold” from Brokerages

Shares of PointsBet Holdings Limited (OTCMKTS:PBTHFGet Rating) have been given an average recommendation of “Hold” by the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company.

Several equities analysts have weighed in on the company. Credit Suisse Group lowered PointsBet from an “outperform” rating to a “neutral” rating in a research note on Friday, January 28th. JPMorgan Chase & Co. lowered PointsBet from a “neutral” rating to an “underweight” rating in a research note on Tuesday, January 25th. Finally, Jefferies Financial Group assumed coverage on PointsBet in a research note on Wednesday, March 16th. They issued a “hold” rating on the stock.

PointsBet stock opened at $2.43 on Wednesday. The business’s 50-day simple moving average is $2.97 and its 200 day simple moving average is $4.70. PointsBet has a 12-month low of $2.21 and a 12-month high of $11.05.

About PointsBet (Get Rating)

PointsBet Holdings Limited provides sports, racing, and iGaming betting products and services through its cloud-based technology platform in Australia and New Jersey. The company operates through Australian Trading, Technology, and United States segments. It also engages in the provision of gaming support, pari-mutuel advanced deposit wagering, and business-to-business services, as well as in the retail sports betting and software development activities.

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Analyst Recommendations for PointsBet (OTCMKTS:PBTHF)

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