Maxim Group analyst Anthony Vendetti maintained a Buy rating on BIO-key International Inc (Other OTC: BKYI) today and set a price target of $5. The company’s shares opened today at $1.63.
Vendetti noted:
“Market open, BKYI reported 2Q18 revenue and GAAP EPS below our estimates, primarily due to the timing of orders from existing customers. BKYI has received orders for its TouchLock and EcoID products from large retailers, as well as public and private entities located in international emerging markets. Although the company maintained 2018 revenue guidance of $8.0M-$12.0M, we are reducing our revenue estimates and revising EPS estimates.”
According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 8.4% and a 53.3% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Xtant Medical Holdings.
Currently, the analyst consensus on BIO-key International Inc is a Moderate Buy with an average price target of $5.
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Based on BIO-key International Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.66 million. In comparison, last year the company had a GAAP net loss of $1.79 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BKYI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
BIO-key International, Inc. engages in the development and market of fingerprint biometric technology and related security software solutions. It offers identification and verification solutions, such as personal inspection identification, passwords, tokens, smart cards, ID cards, PKI, credit card, passports, driver’s licenses, and OTP or other form of possession or knowledge-based credentialing. It also delivers identification solutions and information services to commercial, government, law enforcement and prison markets. The company was founded on January 7, 1993 and is headquartered in Wall, NJ.
