H.C. Wainwright Thinks Akerna’s Stock is Going to Recover

H.C. Wainwright analyst Scott Buck maintained a Buy rating on Akerna (KERNResearch Report) today and set a price target of $7.00. The company’s shares closed last Wednesday at $3.10, close to its 52-week low of $2.17.

According to TipRanks.com, Buck is a 5-star analyst with an average return of 24.5% and a 53.3% success rate. Buck covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Intellicheck Mobilisia, and Lightpath Technologies.

Akerna has an analyst consensus of Moderate Buy, with a price target consensus of $7.00.

See today’s analyst top recommended stocks >>

Based on Akerna’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.91 million and GAAP net loss of $6.11 million. In comparison, last year the company earned revenue of $3 million and had a GAAP net loss of $3 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Akerna Corp. is cannabis compliance, inventory tracking technology company. It engages in the provision of enterprise resource planning technology. Its products enable cannabis businesses and government agencies to manage the cannabis supply chain from seed-to-sale and collect and synthesize valuable data. The company was founded IN 2010, and is headquartered in Denver, CO.