Fintel reports that on September 11, 2023, EF Hutton reiterated coverage of Golden Matrix Group (OTC:GMGI) with a Buy recommendation.
Analyst Price Forecast Suggests 30.35% Upside
As of August 31, 2023, the average one-year price target for Golden Matrix Group is 4.08. The forecasts range from a low of 4.04 to a high of $4.20. The average price target represents an increase of 30.35% from its latest reported closing price of 3.13.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Golden Matrix Group is 71MM, an increase of 70.14%. The projected annual non-GAAP EPS is 0.09, a decrease of 0.00% from the prior forecast.
What is the Fund Sentiment?
There are 21 funds or institutions reporting positions in Golden Matrix Group. This is a decrease of 2 owner(s) or 8.70% in the last quarter. Average portfolio weight of all funds dedicated to GMGI is 0.01%, an increase of 0.48%. Total shares owned by institutions decreased in the last three months by 5.58% to 876K shares. 
The put/call ratio of GMGI is 0.08, indicating a bullish outlook.
What are Other Shareholders Doing?
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 331K shares representing 0.92% ownership of the company. No change in the last quarter.
Geode Capital Management holds 118K shares representing 0.33% ownership of the company. No change in the last quarter.
FSMAX - Fidelity Extended Market Index Fund holds 58K shares representing 0.16% ownership of the company. In it's prior filing, the firm reported owning 59K shares, representing a decrease of 1.64%. The firm decreased its portfolio allocation in GMGI by 27.82% over the last quarter.
Delos Wealth Advisors holds 50K shares representing 0.14% ownership of the company. No change in the last quarter.
FSKAX - Fidelity Total Market Index Fund holds 34K shares representing 0.09% ownership of the company. No change in the last quarter.
Additional reading:
- Golden Matrix Reports Third Quarter Financial Results
- PRESENTATION
- Golden Matrix Achieves Record Third Quarter Revenues Exceeding $11 Million
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This story originally appeared on Fintel.
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