Canaccord Places Helios and Matheson (HMNY) Under Review
Given the number of moving parts with Helios and Matheson (NASDAQ:HMNY) related to the recent reverse stock split, share authorization, capital raises, and operational updates, Canaccord analyst Austin Moldow is placing his rating and price target under review. His most recent rating was Buy with a 12-month price target of $3,000. The price target and estimates should no longer be relied upon. (To watch Moldow’s track record, click here)
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Helios and Matheson is a provider of information technology services and solutions, offering a range of technology platforms focusing on big data, artificial intelligence, business intelligence, social listening, and consumer-centric technology. HMNY owns approximately 92% of the outstanding shares (excluding options and warrants) of MoviePass, the nation’s premier movie-theater subscription service. HMNY’s holdings include RedZone Map™, a safety and navigation app for iOS and Android users, and a community-based ecosystem that features a socially empowered safety map app that enhances mobile GPS navigation using advanced proprietary technology.