Roth Capital Starts NTN Buzztime (NTN) at Neutral

Roth Capital initiates coverage on NTN Buzztime (NYSE: NTN) with a Neutral rating and a price target of $0.28.

Analyst William Gibson comments, "While NTN is a relatively small company and any number of factors could disrupt quarterly operations, we expect it to turn profitable in 2016, growing significantly that year and beyond."

He added, "We estimate revenue could grow 35% to $32 million in 2016 and NTN produces a $1.3 million profit or $0.01 per share. Our preliminary forecast for 2017 estimates revenue increases another 38% to $44 million with largely untaxed earnings of $9.1 million or $0.10 per share."

For an analyst ratings summary and ratings history on NTN Buzztime click here. For more ratings news on NTN Buzztime click here.

Shares of NTN Buzztime closed at $0.26 yesterday.

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