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Maxim Group Sticks to Its Buy Rating for Zedge (ZDGE)

Maxim Group analyst Allen Klee reiterated a Buy rating on Zedge (ZDGEResearch Report) yesterday and set a price target of $8.00. The company’s shares closed yesterday at $2.15.

Klee covers the Technology sector, focusing on stocks such as Research Solutions, CareCloud, Inc., and Zedge. According to TipRanks, Klee has an average return of -26.0% and a 18.73% success rate on recommended stocks.

Currently, the analyst consensus on Zedge is a Moderate Buy with an average price target of $8.00.

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The company has a one-year high of $9.94 and a one-year low of $1.86. Currently, Zedge has an average volume of 64.74K.

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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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