In a report released yesterday, Allen Klee from Maxim Group reiterated a Buy rating on Zedge (ZDGE – Research Report), with a price target of $7.00. The company’s shares closed yesterday at $2.28.
According to TipRanks, Klee is an analyst with an average return of -18.6% and a 23.77% success rate. Klee covers the Technology sector, focusing on stocks such as Auddia, Zedge, and Mitek Systems.
Zedge has an analyst consensus of Moderate Buy, with a price target consensus of $7.00.
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The company has a one-year high of $3.74 and a one-year low of $1.62. Currently, Zedge has an average volume of 33.34K.
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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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