Lake Street analyst Mark Argento maintained a Buy rating on The Arena Group (AREN – Research Report) today and set a price target of $11.00. The company’s shares closed last Friday at $2.15.
According to TipRanks, Argento is ranked #771 out of 8582 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The Arena Group with a $11.00 average price target.
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Based on The Arena Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $63.42 million and a GAAP net loss of $11.17 million. In comparison, last year the company earned a revenue of $57.28 million and had a GAAP net loss of $16.51 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AREN in relation to earlier this year.
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The Arena Group (AREN) Company Description:
theMaven, Inc. engages in the development of online media channels. Its channel is operated by an invite only channel partner, drawn from subject matter experts, reporters, group evangelists and social leaders. The company was founded by James C. Heckman Jr. in 1990 and is headquartered in Seattle, WA.
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