Majesco Entertainment (NASDAQ:COOL) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price objective of $70.00 for the company, according to Zacks. Zacks has also assigned Majesco Entertainment an industry rank of 102 out of 265 based on the ratings given to its competitors.
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Several equities research analysts recently commented on COOL shares. Cantor Fitzgerald started coverage on shares of Majesco Entertainment in a research report on Wednesday, February 14th. They issued an “overweight” rating and a $70.00 price objective on the stock. ValuEngine upgraded shares of Majesco Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub upgraded shares of Majesco Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, Zacks Investment Research upgraded shares of Majesco Entertainment from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, April 17th.
Shares of Majesco Entertainment traded up $0.20, hitting $23.58, on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 20,723 shares, compared to its average volume of 373,658. Majesco Entertainment has a 52-week low of $22.81 and a 52-week high of $24.00.
In other news, major shareholder Barry C. Honig bought 18,402 shares of Majesco Entertainment stock in a transaction on Thursday, March 15th. The shares were bought at an average cost of $17.65 per share, for a total transaction of $324,795.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Barry C. Honig bought 15,400 shares of Majesco Entertainment stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $17.62 per share, for a total transaction of $271,348.00. The disclosure for this purchase can be found here. Insiders purchased a total of 36,802 shares of company stock worth $645,853 over the last quarter. Insiders own 59.91% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Millennium Management LLC purchased a new position in Majesco Entertainment in the 4th quarter valued at about $3,057,000. Ardsley Advisory Partners purchased a new position in Majesco Entertainment in the 4th quarter valued at about $327,000. Advisor Group Inc. lifted its holdings in Majesco Entertainment by 133.6% in the 4th quarter. Advisor Group Inc. now owns 49,180 shares of the company’s stock valued at $1,141,000 after purchasing an additional 28,130 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Majesco Entertainment by 265.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,825 shares of the company’s stock valued at $391,000 after purchasing an additional 12,225 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in Majesco Entertainment in the 4th quarter valued at about $1,507,000. Institutional investors own 4.73% of the company’s stock.
About Majesco Entertainment
PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.
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