Nextplay rises after H.C. Wainwright starts coverage with 'buy'

Lamar Advertising

20/08/2021 17:12

** Advertising and gaming co Nextplay Technologies Co's
 NXTP.O  shares up 6.1% at $1.92, after brokerage H.C.
Wainwright initiates coverage with "buy" rating and PT of $3
    ** Brokerage says co is "building through acquisition, a
unique digital ecosystem with significant cross-selling
opportunities within gaming, travel, and financial technology
verticals" 
    ** Says NXTP's recent buyouts of in-game advertising co
HotPlay and interactive TV provider Zappware have given NXTP
access to 50 mln users for advertisement
    ** Brokerage also says NXTP's alternative lodging travel
platform will benefit from travelers who still prefer such
rentals over hotels or condominiums as COVID-19 fears linger
    ** Including H.C. Wainwright, 2 out of 2 brokerages rate the
stock "buy"; their mean PT is $4.38 - Refinitiv data
    ** Up to Thursday's close, stock had fallen 20.3% YTD,
compared with a 12.8% increase in the NASDAQ Composite Index
 .IXIC 

 (Reporting by Ruhi Soni in Bengaluru;)
 ((Ruhi.Soni@thomsonreuters.com;))