The Arena Group (NYSE:AREN) Lifted to “Buy” at Zacks Investment Research

The Arena Group (NYSE:ARENGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, Zacks.com reports. The firm presently has a $15.00 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.07% from the company’s current price.

According to Zacks, “Integrated Surgical Systems designs, manufactures, sells and services image-directed, computer controlled robotic products for use in orthopaedic and neurosurgical procedures.”

Separately, B. Riley lifted their price target on The Arena Group from $17.50 to $19.50 in a research report on Friday, April 29th.

NYSE:AREN traded down $0.02 during trading hours on Tuesday, reaching $13.15. The stock had a trading volume of 60,667 shares, compared to its average volume of 93,470. The stock has a 50 day moving average of $9.57. The Arena Group has a 12-month low of $7.50 and a 12-month high of $15.40. The firm has a market capitalization of $234.18 million, a PE ratio of -4.44 and a beta of 0.40.

The Arena Group (NYSE:ARENGet Rating) last released its earnings results on Monday, March 28th. The company reported ($1.57) earnings per share (EPS) for the quarter. The business had revenue of $61.21 million during the quarter, compared to analyst estimates of $57.10 million. On average, equities research analysts forecast that The Arena Group will post -2.25 earnings per share for the current year.

About The Arena Group (Get Rating)

The Arena Group Holdings, Inc, together with its subsidiaries, operates digital media platform the United States and internationally. The company offers the Platform, a proprietary online publishing platform comprising publishing tools, video platforms, social distribution channels, newsletter technology, machine learning content recommendations, notifications, and other technology.

Further Reading

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