H.C. Wainwright Thinks Esports Entertainment Group’s Stock is Going to Recover

In a report released today, Scott Buck from H.C. Wainwright maintained a Buy rating on Esports Entertainment Group (GMBLResearch Report), with a price target of $14.00. The company’s shares closed last Wednesday at $6.62, close to its 52-week low of $3.95.

According to TipRanks.com, Buck is a 5-star analyst with an average return of 21.0% and a 49.7% success rate. Buck covers the Technology sector, focusing on stocks such as Enthusiast Gaming Holdings, Intellicheck Mobilisia, and Lightpath Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Esports Entertainment Group with a $14.50 average price target.

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The company has a one-year high of $24.48 and a one-year low of $3.95. Currently, Esports Entertainment Group has an average volume of 354.3K.

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Esports Entertainment Group, Inc. operates as an online gambling platform. It offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience. The company was founded on July 22, 2008 and is headquartered in Malta, Antigua and Barbuda.