Fintel reports that on June 9, 2023, B. Riley Securities initiated coverage of Loop Media (OTC:LPTV) with a Buy recommendation.
Analyst Price Forecast Suggests 111.12% Upside
As of June 2, 2023, the average one-year price target for Loop Media is 6.50. The forecasts range from a low of 4.80 to a high of $8.40. The average price target represents an increase of 111.12% from its latest reported closing price of 3.08.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Loop Media is 68MM, an increase of 58.40%. The projected annual non-GAAP EPS is -0.32.
What is the Fund Sentiment?
There are 43 funds or institutions reporting positions in Loop Media. This is an increase of 15 owner(s) or 53.57% in the last quarter. Average portfolio weight of all funds dedicated to LPTV is 0.01%, an increase of 222.31%. Total shares owned by institutions increased in the last three months by 41.75% to 2,236K shares.
What are Other Shareholders Doing?
VEXMX – Vanguard Extended Market Index Fund Investor Shares holds 302K shares representing 0.54% ownership of the company. In it’s prior filing, the firm reported owning 274K shares, representing an increase of 9.45%. The firm decreased its portfolio allocation in LPTV by 9.35% over the last quarter.
Geode Capital Management holds 217K shares representing 0.38% ownership of the company. In it’s prior filing, the firm reported owning 216K shares, representing an increase of 0.19%. The firm decreased its portfolio allocation in LPTV by 19.47% over the last quarter.
Millennium Management holds 183K shares representing 0.33% ownership of the company. In it’s prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Charles Schwab Investment Management holds 173K shares representing 0.31% ownership of the company. In it’s prior filing, the firm reported owning 175K shares, representing a decrease of 1.46%. The firm decreased its portfolio allocation in LPTV by 28.99% over the last quarter.
SCHA – Schwab U.S. Small-Cap ETF holds 140K shares representing 0.25% ownership of the company.
Key filings for this company:
This story originally appeared on Fintel.
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