Maxim Group Brokers Decrease Earnings Estimates for Zedge

Zedge, Inc. (NYSEAMERICAN:ZDGE) – Stock analysts at Maxim Group dropped their Q1 2027 earnings per share estimates for shares of Zedge in a research note issued on Tuesday, October 27th. Maxim Group analyst A. Klee now forecasts that the company will post earnings of $0.02 per share for the quarter, down from their previous estimate of $0.07. The consensus estimate for Zedge’s current full-year earnings is $0.27 per share. Maxim Group also issued estimates for Zedge’s Q2 2027 earnings at $0.05 EPS, Q3 2027 earnings at $0.05 EPS, Q2 2028 earnings at $0.05 EPS, Q3 2028 earnings at $0.04 EPS and Q4 2028 earnings at $0.03 EPS.

Zedge (NYSEAMERICAN:ZDGE) last released its earnings results on Monday, October 26th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $7.77 million during the quarter, compared to analyst estimates of $7.20 million.

Zedge Price Performance

Shares of ZDGE opened at $2.56 on Wednesday. Zedge has a 52-week low of $2.21 and a 52-week high of $4.70. The business’s 50 day moving average price is $2.93 and its two-hundred day moving average price is $3.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZDGE. Hillsdale Investment Management Inc. lifted its holdings in shares of Zedge by 1,982.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 50,653 shares of the company’s stock worth $148,000 after purchasing an additional 48,221 shares in the last quarter. NewEdge Advisors LLC raised its position in Zedge by 2,923.0% in the 1st quarter. NewEdge Advisors LLC now owns 58,918 shares of the company’s stock valued at $173,000 after buying an additional 56,969 shares during the last quarter. Finally, Kahn Brothers Group Inc. purchased a new stake in Zedge in the 2nd quarter valued at $242,000. Institutional investors own 29.37% of the company’s stock.

Key Headlines Impacting Zedge

Here are the key news stories impacting Zedge this week:

• Positive Sentiment: Zedge reported fiscal Q4 EPS of $0.04, exceeding the $0.02 consensus estimate, while revenue of $7.77 million topped expectations of $7.20 million. Zedge quarterly earnings results
• Positive Sentiment: Management highlighted growth in subscriptions and its DataSeeds training-data business. Subscribers reached approximately 1.3 million, while average revenue per monthly user increased 30%, providing potential longer-term growth drivers. Zedge long-term investor takeaways
• Neutral Sentiment: Zedge plans to maintain roughly a $20 million cash cushion while scaling DataSeeds in fiscal 2027. The approach supports financial flexibility but may limit near-term investment or growth acceleration. Zedge cash cushion and DataSeeds plans
• Negative Sentiment: Maxim Group lowered its EPS forecasts across several upcoming periods, including Q1 2027 to $0.02 from $0.07, Q2 2027 to $0.05 from $0.08, Q3 2027 to $0.05 from $0.06, Q2 2028 to $0.05 from $0.08, and Q3 2028 to $0.04 from $0.06. The reductions signal weaker expected profitability despite the recent quarterly beat and are likely the main source of selling pressure. Zedge analyst estimates

Zedge Company Profile

Zedge, Inc (NYSE American: ZDGE) operates a mobile-first digital content platform that enables users to discover, customize and share content for smartphones and other personal devices. Its principal consumer product is the Zedge app, which offers wallpapers, video wallpapers, ringtones, notification sounds, stickers and other personalization content.

The company provides both free and premium content, with offerings from independent creators as well as technology-assisted and user-generated content.