Zacks: Brokerages Set $1.00 Target Price for RMG Networks Holding Co. (RMGN)

RMG Networks Holding Co. (NASDAQ:RMGN) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation. RMG Networks’ rating score has declined by 200% in the last 90 days as a result of a number of analysts’ ratings changes.

Brokers have set a 1-year consensus price target of $1.00 for the company and are expecting that the company will post ($0.15) EPS for the current quarter, according to Zacks. Zacks has also given RMG Networks an industry rank of 105 out of 265 based on the ratings given to its competitors.

A number of brokerages have recently issued reports on RMGN. ValuEngine downgraded shares of RMG Networks from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of RMG Networks from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Roth Capital set a $3.00 target price on shares of RMG Networks and gave the company a “buy” rating in a research report on Wednesday, November 1st.

An institutional investor recently raised its position in RMG Networks stock. Renaissance Technologies LLC lifted its stake in shares of RMG Networks Holding Co. (NASDAQ:RMGN) by 1.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 267,100 shares of the business services provider’s stock after acquiring an additional 4,600 shares during the period. Renaissance Technologies LLC owned 0.60% of RMG Networks worth $210,000 at the end of the most recent reporting period. Institutional investors own 1.97% of the company’s stock.

RMG Networks (RMGN) opened at $0.80 on Tuesday. RMG Networks has a 1 year low of $0.77 and a 1 year high of $4.44.

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RMG Networks Company Profile

RMG Networks Holding Corporation provides enterprise-class digital signage solutions. It offers suite of products, including proprietary software, software-embedded hardware, maintenance and support services, content and creative services, installation services, and third-party displays. The company provides Enterprise Server (ES), a robust software application server used to collect content from various applications and other data sources; and Media Players/Smart Digital Appliances, which are software pre-loaded media players that function as the content storage and rendering hardware between its ES content engine and the visual display end-points.

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