Kepler Capital Remains a Buy on Catena Media (CTTMF)

In a report issued on November 19, Hjalmar Ahlberg from Kepler Capital maintained a Buy rating on Catena Media (CTTMFResearch Report), with a price target of SEK51.00. The company’s shares closed last Wednesday at $3.84.

Ahlberg has an average return of 97.5% when recommending Catena Media.

According to TipRanks.com, Ahlberg is ranked #1333 out of 7100 analysts.

Currently, the analyst consensus on Catena Media is a Moderate Buy with an average price target of $5.92.

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Based on Catena Media’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $27.78 million and GAAP net loss of $7.76 million. In comparison, last year the company earned revenue of $23.73 million and had a net profit of $6.84 million.

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Catena Media PLC is a European company engaged in performance marketing and lead generation on the internet. Catena Media is almost exclusively active within the iGaming industry. The company attracts online players through various products and services, and directs them to a number of B2B customers, meaning iGaming operators such as Betsson, Mr. Green, and others. Catena Media creates value for both customers and players. The group attracts end users and generates revenue by using two primary online marketing methodologies, organic traffic by search engine optimization (SEO) and paid media by using pay-per-click (PPC).