Zedge (NYSEAMERICAN:ZDGE) released its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09, Fidelity Earnings reports. Zedge had a net margin of 25.25% and a return on equity of 31.26%.
ZDGE stock traded down $0.21 during trading on Friday, reaching $15.14. The company had a trading volume of 7,330 shares, compared to its average volume of 388,191. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.65 and a current ratio of 4.65. Zedge has a 52 week low of $1.10 and a 52 week high of $16.94. The business’s 50 day moving average price is $4.24. The stock has a market cap of $196.93 million, a P/E ratio of 59.04 and a beta of 0.99.
A number of research analysts have commented on ZDGE shares. TheStreet raised Zedge from a “c+” rating to a “b-” rating in a research report on Thursday, March 18th. Maxim Group upped their target price on Zedge from $19.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, March 16th.
A hedge fund recently raised its stake in Zedge stock. Morgan Stanley grew its stake in Zedge, Inc. (NYSEAMERICAN:ZDGE) by 936.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,555 shares of the company’s stock after acquiring an additional 14,958 shares during the quarter. Morgan Stanley owned 0.13% of Zedge worth $200,000 at the end of the most recent quarter. 25.51% of the stock is owned by institutional investors and hedge funds.
Zedge, Inc operates a digital publishing and content platform worldwide. Its platform enables consumers to personalize their mobile devices with ringtones, wallpapers, home screen app icons, widgets, and notification sounds. The company was incorporated in 2008 and is based in New York, New York.
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