Majesco Entertainment (COOL) Stock Rating Upgraded by BidaskClub

Majesco Entertainment (NASDAQ:COOL) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Other analysts have also issued research reports about the stock. Cantor Fitzgerald set a $70.00 price objective on shares of Majesco Entertainment and gave the stock a “buy” rating in a research report on Wednesday, May 9th. ValuEngine raised shares of Majesco Entertainment from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Majesco Entertainment from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, April 17th.

Shares of COOL stock opened at $28.17 on Wednesday. Majesco Entertainment has a 12 month low of $28.27 and a 12 month high of $29.98.

In other news, Director Jeffrey Hansen Dyer bought 3,000 shares of the stock in a transaction that occurred on Tuesday, April 17th. The shares were acquired at an average cost of $16.57 per share, for a total transaction of $49,710.00. Following the completion of the acquisition, the director now owns 23,522 shares in the company, valued at $389,759.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Barry C. Honig sold 1,400 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $17.88, for a total transaction of $25,032.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 36,802 shares of company stock worth $645,853. 59.91% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of COOL. Millennium Management LLC acquired a new position in Majesco Entertainment during the fourth quarter worth $3,057,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Majesco Entertainment during the fourth quarter worth $1,507,000. Advisor Group Inc. increased its holdings in shares of Majesco Entertainment by 133.6% in the fourth quarter. Advisor Group Inc. now owns 49,180 shares of the company’s stock valued at $1,141,000 after purchasing an additional 28,130 shares during the last quarter. Ardsley Advisory Partners acquired a new position in shares of Majesco Entertainment in the fourth quarter valued at $327,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Majesco Entertainment by 265.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,825 shares of the company’s stock valued at $391,000 after purchasing an additional 12,225 shares during the last quarter. Institutional investors and hedge funds own 4.72% of the company’s stock.

About Majesco Entertainment

PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.

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