Shares of Akazoo (NASDAQ:SONG) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price target of $11.00 for the company and are anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Akazoo an industry rank of 67 out of 255 based on the ratings given to related companies.
SONG has been the subject of a number of research analyst reports. Craig Hallum assumed coverage on Akazoo in a research note on Monday, October 7th. They issued a “buy” rating and a $10.00 price target for the company. UBS Group assumed coverage on Akazoo in a research note on Wednesday, October 16th. They issued an “outperform” rating and a $12.00 price objective for the company. Macquarie assumed coverage on Akazoo in a research note on Thursday, September 12th. They issued an “outperform” rating and a $10.00 price objective for the company. Finally, Noble Financial restated a “buy” rating and issued a $12.00 price objective on shares of Akazoo in a research note on Thursday, November 28th.
Akazoo stock traded up $0.15 during midday trading on Friday, reaching $5.74. The company’s stock had a trading volume of 37,300 shares, compared to its average volume of 65,585. The stock’s 50-day simple moving average is $5.77. Akazoo has a 52-week low of $4.44 and a 52-week high of $7.49.
Akazoo Company Profile
Akazoo SA operates as an on-demand music streaming subscription company. It directly licenses music from various labels and provides online and offline listening platforms, social media integration, and a AI-driven new music recommendation engine. The company provides subscribers with unlimited online and offline streaming access to a catalog of approximately 45 million songs on a commercial-free basis.
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