In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Super League Gaming Inc (SLGG), with a price target of $15. The company’s shares closed yesterday at $8.60.
Latimore wrote:
“We believe the pipeline of opportunities is growing rapidly, however, accelerated by top tier deals SLG announced this year. Management noted it is tracking to exceed certain metric goals for the year. 2Q consensus revenue is $300k and ($3) mil EBITDA, and FY19 revs consensus is $1.6 mil and ($12) mil EBITDA.”
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 14.2% and a 57.2% success rate. Latimore covers the Technology sector, focusing on stocks such as The Meet Group Inc, Brightcove Inc, and Everbridge Inc.
Currently, the analyst consensus on Super League Gaming Inc is a Strong Buy with an average price target of $15, a 74.4% upside from current levels. In a report released today, National Securities Corp also maintained a Buy rating on the stock with a $15 price target.
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Based on Super League Gaming Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $7.48 million. In comparison, last year the company had a GAAP net loss of $3.95 million.
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Super League Gaming, Inc. is an emerging growth company, which engages in the provision of an amateur E-sports community and cloud-based content platform. It offers theater gaming, cloud, and team gaming. The company was founded by John Miller, David Steigelfest, and Brett Morris on October 1, 2014 and is headquartered in Santa Monica, CA.
