NTN Buzztime Inc (NTN) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of NTN Buzztime Inc (NYSEAMERICAN:NTN) from a hold rating to a buy rating in a research note released on Saturday morning. They currently have $6.75 price target on the stock.

According to Zacks, “NTN Buzztime, Inc.is a leading developer, publisher and distributor of interactive entertainment for massive audiences on numerous consumer platforms. Millions of people are exposed to the Buzztime Network every month in restaurants, sports bars and pubs throughout the U.S., Canada and the UK. Originating from the Buzztime iTV Studio in Carlsbad, CA for over 20 years, the Network includes trivia game shows, card games, live sports games, polling and other games that enable a virtually unlimited number of people to play live competitions against one another for fun, prizes and fame. Buzztime’s programming is also available on cable TV, satellite TV, mobile phones, electronic home games, portable travel games and as a trivia book series. The Company also owns and operates NTN Hospitality Technologies which develops, sells and services software and technology that increase productivity and sales in casual dining restaurants. “

A number of other research firms also recently issued reports on NTN. Roth Capital set a $9.00 target price on NTN Buzztime and gave the company a hold rating in a research report on Tuesday, August 1st. ValuEngine downgraded NTN Buzztime from a hold rating to a sell rating in a research report on Friday, September 1st.

Shares of NTN Buzztime (NYSEAMERICAN NTN) opened at $5.75 on Friday. NTN Buzztime has a twelve month low of $5.42 and a twelve month high of $12.00.

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Several large investors have recently added to or reduced their stakes in NTN. Vanguard Group Inc. increased its position in shares of NTN Buzztime by 25.7% in the second quarter. Vanguard Group Inc. now owns 17,610 shares of the company’s stock valued at $120,000 after acquiring an additional 3,606 shares during the last quarter. Renaissance Technologies LLC increased its position in NTN Buzztime by 35.8% during the first quarter. Renaissance Technologies LLC now owns 34,129 shares of the company’s stock worth $294,000 after buying an additional 9,000 shares during the last quarter. North Star Investment Management Corp. increased its position in NTN Buzztime by 23.8% during the second quarter. North Star Investment Management Corp. now owns 247,697 shares of the company’s stock worth $1,684,000 after buying an additional 47,697 shares during the last quarter. Finally, AWM Investment Company Inc. acquired a new position in NTN Buzztime during the second quarter worth approximately $2,204,000.

About NTN Buzztime

NTN Buzztime, Inc, formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers.

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