In a report released today, Mark Argento from Lake Street assigned a Buy rating to The Arena Group (AREN – Research Report), with a price target of $11.00. The company’s shares closed yesterday at $0.86.
According to TipRanks, Argento is a 4-star analyst with an average return of 14.7% and a 44.37% success rate.
Currently, the analyst consensus on The Arena Group is a Moderate Buy with an average price target of $11.00.
The company has a one-year high of $5.27 and a one-year low of $0.76. Currently, The Arena Group has an average volume of 92.62K.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AREN in relation to earlier this year.
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The Arena Group (AREN) Company Description:
theMaven, Inc. engages in the development of online media channels. Its channel is operated by an invite only channel partner, drawn from subject matter experts, reporters, group evangelists and social leaders. The company was founded by James C. Heckman Jr. in 1990 and is headquartered in Seattle, WA.
