In a report released today, Nehal Chokshi from Maxim Group maintained a Buy rating on Helios & Matheson North America Inc (NASDAQ: HMNY), with a price target of $12. The company’s shares closed yesterday at $0.65, close to its 52-week low of $0.55.
Chokshi wrote:
“We observed three major positives from the 10Q filed after the market close yesterday, post-close. We highlight a key snippet from the 10Q leading us to believe HMNY will present cohort data with either Jun Q or Sept Q audited results. Key survey data cited from the 10Q. Key questions that are outstanding.”
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 18.2% and a 65.5% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
Helios & Matheson North America Inc has an analyst consensus of Strong Buy, with a price target consensus of $14.33.
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Based on Helios & Matheson North America Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $90.79 million. In comparison, last year the company had a GAAP net loss of $6.5 million.
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Helios & Matheson Analytics, Inc. engages in the provision of information technology services and solutions. It operates through the following segments: Consulting, Technology, and Subscription. The company was founded in February 1983 and is headquartered in New York, NY.
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