Maxim Group analyst Allen Klee reiterated a Buy rating on Zedge (ZDGE – Research Report) yesterday and set a price target of $13.00. The company’s shares closed last Wednesday at $4.15, close to its 52-week low of $3.54.
According to TipRanks.com, Klee is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -25.2% and a 19.6% success rate. Klee covers the Technology sector, focusing on stocks such as CareCloud, Inc., Iveda Solutions, and Mitek Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zedge with a $13.00 average price target.
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The company has a one-year high of $19.90 and a one-year low of $3.54. Currently, Zedge has an average volume of 95.52K.
Based on the recent corporate insider activity of 27 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 ZDGE in relation to earlier this year.
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Zedge, Inc. engages in the provision of content platforms for smart phone personalization. It enables consumers to personalize their mobile devices with free ring tones, wallpapers, home screen widgets, app icons, and notification sounds. Its users can access content via smart phone app, called Zedge. The company was founded by Tom Arnoy in 2008 and is headquartered at New York, NY.
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