Kepler Capital Sticks to Its Buy Rating for Catena Media (CTTMF)

In a report issued on October 9, Martin Jungfleisch 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 Friday at $3.99.

According to TipRanks.com, Jungfleisch is ranked #5584 out of 7010 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Catena Media with a $5.46 average price target.

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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).