Reebonz Holding Limited (RBZ) Gets a Buy Rating from Roth Capital


In a report released today, Darren Aftahi from Roth Capital initiated coverage with a Buy rating on Reebonz Holding Limited (RBZ) and a price target of $11. The company’s shares closed yesterday at $5.35, close to its 52-week low of $4.25.

Aftahi commented:

“We believe Reebonz (RBZ) is well positioned to take advantage of the growth in demand for new and pre-owned luxury goods across Asia-Pacific (APAC), especially as consumers increasingly shift purchasing consumption online. RBZ’s two-sided digital platform is highly differentiated via authentication services and its sell back guarantee/credits. While recent growth prospects have been tempered by capital constraints, its recent capital raise should enable it to more aggressively spend on marketing, helping return it to a topline growth story in 2H19.”

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.1% and a 53.0% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

Currently, the analyst consensus on Reebonz Holding Limited is a Moderate Buy with an average price target of $11.

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Based on Reebonz Holding Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $90.56K. In comparison, last year the company had a GAAP net loss of $176.8K.

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Reebonz Holding Ltd. engages in the provision of an online marketplace for buying and selling luxury products. It also curates and sells authentic new and pre-owned luxury goods, including handbags, small leather goods and other accessories, shoes, watches, and jewelry from several luxury brands.

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