ValuEngine Downgrades NTN Buzztime Inc (NYSEMKT:NTN) to Sell

NTN Buzztime Inc (NYSEMKT:NTN) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday, September 1st.

Several other research firms have also recently commented on NTN. Zacks Investment Research raised shares of NTN Buzztime from a “sell” rating to a “hold” rating and set a $9.25 target price for the company in a research report on Friday, May 5th. Roth Capital set a $9.00 target price on shares of NTN Buzztime and gave the stock a “hold” rating in a research report on Tuesday, August 1st.

NTN Buzztime (NYSEMKT:NTN) traded down 10.07% during midday trading on Friday, reaching $6.52. 2,652 shares of the company’s stock traded hands. The company’s 50-day moving average price is $7.29 and its 200-day moving average price is $7.17. The stock’s market cap is $16.32 million. NTN Buzztime has a 52-week low of $5.42 and a 52-week high of $12.00.

NTN Buzztime (NYSEMKT:NTN) last posted its earnings results on Wednesday, August 2nd. The company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.28. NTN Buzztime had a negative net margin of 2.96% and a negative return on equity of 11.09%. The firm had revenue of $5.55 million during the quarter, compared to analysts’ expectations of $5.74 million. On average, equities analysts predict that NTN Buzztime will post ($0.46) EPS for the current fiscal year.

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In related news, major shareholder Awm Investment Company, Inc. sold 6,093 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $7.52, for a total value of $45,819.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 16,851 shares of company stock valued at $126,235.

Institutional investors have recently modified their holdings of the stock. North Star Investment Management Corp. increased its stake in shares of NTN Buzztime by 23.8% in the 2nd quarter. North Star Investment Management Corp. now owns 247,697 shares of the company’s stock worth $1,684,000 after acquiring an additional 47,697 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in NTN Buzztime during the 1st quarter valued at about $775,000. Renaissance Technologies LLC increased its stake in NTN Buzztime by 20.6% during the 4th quarter. Renaissance Technologies LLC now owns 25,129 shares of the company’s stock valued at $214,000 after purchasing an additional 4,300 shares in the last quarter. AWM Investment Company Inc. bought a new stake in NTN Buzztime during the 2nd quarter valued at about $2,204,000. Finally, Vanguard Group Inc. increased its stake in NTN Buzztime by 25.7% during the 2nd quarter. Vanguard Group Inc. now owns 17,610 shares of the company’s stock valued at $120,000 after purchasing an additional 3,606 shares in the last quarter.

About NTN Buzztime

NTN Buzztime, Inc, formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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