Maxim Group analyst Michael Diana reiterated a Buy rating on Hall of Fame Resort & Entertainment (HOFV – Research Report) yesterday and set a price target of $27.00. The company’s shares closed yesterday at $7.72.
Diana covers the Financial sector, focusing on stocks such as Ellington Financial, Cullen/Frost Bankers, and First Savings Financial Group. According to TipRanks, Diana has an average return of 12.5% and a 50.80% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hall of Fame Resort & Entertainment with a $27.00 average price target.
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Based on Hall of Fame Resort & Entertainment’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.13 million and a GAAP net loss of $13.29 million. In comparison, last year the company earned a revenue of $2.69 million and had a GAAP net loss of $9.1 million
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HOFV in relation to earlier this year.
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Hall Of Fame Resort & Entertainment Co operates as a holding company. The firm is a sports, entertainment, and media company.
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