Out of 3 analysts covering Numerex Corp. (NASDAQ:NMRX), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $9.50 is the highest target while $7 is the lowest. The $8.25 average target is 7.70% above today’s ($7.66) stock price. Numerex Corp. has been the topic of 4 analyst reports since November 5, 2015 according to StockzIntelligence Inc. Canaccord Genuity downgraded the stock on May 10 to “Hold” rating. Below is a list of Numerex Corp. (NASDAQ:NMRX) latest ratings and price target changes.
10/05/2016 Broker: Canaccord Genuity Old Rating: Buy New Rating: Hold Old Target: $8.00 New Target: $7.00 Downgrade
15/04/2016 Broker: B. Riley & Co Rating: Buy New Target: $9.50 Initiate
15/03/2016 Broker: Canaccord Genuity Rating: Buy Old Target: $9.00 New Target: $8.00 Maintain
About 15,316 shares traded hands. Numerex Corp. (NASDAQ:NMRX) has risen 26.78% since February 8, 2016 and is uptrending. It has outperformed by 10.29% the S&P500.
Numerex Corp. is a holding company. The Company, through its subsidiaries, provides managed enterprise solutions, which enable the Internet of Things . The company has a market cap of $150.71 million. The Firm offers solutions to incorporate the IoT building blocks, such as device, network, application and platform. It currently has negative earnings. The Company’s technology encompasses a range of the IoT ecosystem and delivers solutions for enterprise users.
The institutional sentiment increased to 3.13 in Q2 2016. Its up 2.23, from 0.9 in 2016Q1. The ratio increased, as 4 funds sold all Numerex Corp. shares owned while 4 reduced positions. 15 funds bought stakes while 10 increased positions. They now own 5.82 million shares or 180.40% more from 2.08 million shares in 2016Q1.
Westwood Management Corp Il holds 0.3% of its portfolio in Numerex Corp. for 213,000 shares. Punch & Associates Investment Management Inc. owns 169,800 shares or 0.15% of their US portfolio. Moreover, Merriman Wealth Management Llc has 0.12% invested in the company for 55,700 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Springbok Capital Management Llc, a New York-based fund reported 7,370 shares.
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