Research analysts at Maxim Group started coverage on shares of Zedge (NYSEAMERICAN:ZDGE – Get Rating) in a report released on Thursday, TipRanks reports. The brokerage set a “buy” rating and a $16.00 price target on the stock. Maxim Group’s price objective suggests a potential upside of 160.16% from the stock’s previous close.
NYSEAMERICAN ZDGE opened at $6.15 on Thursday. The stock has a market cap of $85.36 million, a P/E ratio of 10.25 and a beta of 0.93. Zedge has a 52-week low of $4.99 and a 52-week high of $19.90.
Zedge (NYSEAMERICAN:ZDGE – Get Rating) last issued its earnings results on Tuesday, March 15th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. Zedge had a net margin of 37.67% and a return on equity of 26.15%.
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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