Helios and Matheson Analytics (NASDAQ:HMNY) PT Set at $25.00 by Maxim Group

Helios and Matheson Analytics (NASDAQ:HMNY) received a $25.00 price objective from research analysts at Maxim Group in a research note issued on Tuesday, December 5th. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Maxim Group’s target price would indicate a potential upside of 268.19% from the company’s previous close.

Helios and Matheson Analytics (NASDAQ HMNY) traded down $3.29 during midday trading on Tuesday, reaching $6.79. The company had a trading volume of 21,913,200 shares, compared to its average volume of 2,264,766. Helios and Matheson Analytics has a 1-year low of $2.20 and a 1-year high of $38.86.

In other Helios and Matheson Analytics news, Director Muralikrishna Gadiyaram sold 170,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $13.00, for a total value of $2,210,000.00. Following the transaction, the director now directly owns 750,000 shares in the company, valued at approximately $9,750,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 37.50% of the stock is currently owned by company insiders.

A hedge fund recently bought a new stake in Helios and Matheson Analytics stock. Phoenix Investment Adviser LLC purchased a new position in Helios and Matheson Analytics Inc (NASDAQ:HMNY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 46,000 shares of the information technology services provider’s stock, valued at approximately $584,000. Helios and Matheson Analytics comprises approximately 0.5% of Phoenix Investment Adviser LLC’s investment portfolio, making the stock its 29th largest position. Phoenix Investment Adviser LLC owned 0.48% of Helios and Matheson Analytics at the end of the most recent quarter. Hedge funds and other institutional investors own 1.79% of the company’s stock.

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About Helios and Matheson Analytics

Helios and Matheson Analytics Inc is an information technology services company. The Company offers its clients a suite of services of predictive analytics with technology. The Company provides offerings in the areas of application value management, application development, integration, independent validation, infrastructure and information management, and analytics services.

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