Needham analyst Ryan MacDonald maintained a Hold rating on Barnes & Noble Education (BNED – Research Report) today. The company’s shares opened today at $0.25.
MacDonald covers the Technology sector, focusing on stocks such as Model N, Chegg, and Yext. According to TipRanks, MacDonald has an average return of 7.7% and a 47.22% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Barnes & Noble Education with a $0.75 average price target.
BNED market cap is currently $37.21M and has a P/E ratio of -0.16.
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Barnes & Noble Education (BNED) Company Description:
Barnes and Noble Education, Inc. engages in the management and operation of bookstore chains in universities. It operates through the following segments: Retail, Wholesale, and Digital Student Solutions (DSS). The Retail segment operates physical and virtual campus bookstores. The Wholesale segment sells hardware and software that provides inventory management and point-of-sale solutions to college bookstores. The DSS segment includes direct-to-student product and service offerings to assist students to study more effectively and improve academic performance. The company was founded by Leonard Riggio in 1965 and is headquartered in Basking Ridge, NJ.
Read More on BNED:
- Barnes & Noble Education’s Strategic Financial Restructuring Plan
- Barnes & Noble Education adopts short-term stockholder rights plan
- Barnes & Noble Education to receive $95M of new capital
- Barnes & Noble Education Inc. on the Brink: NYSE Non-Compliance and the Threat of Delisting
- Barnes & Noble Education affirms FY24 adjusted EBITDA view of about $40M
