Noble Capital initiated coverage of SEGG Media (SEGG) with an Outperform rating and $20 price target The company is a development-stage operator of international sports and gaming businesses, anchored by valuable brand assets including Sports.com, Lottery.com, TicketStub.com, and Concerts.com that was formed out of Lottery.com’s collapse, says the analyst. SEGG has been reconstituted under new leadership with a defined focus on leveraging globally recognized brands and is pursuing an asset-light model, notes the analyst, who believes this strategy “positions SEGG to re-establish credibility and execute a compelling growth plan.”
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Read More on SEGG:
- Lottery.com initiated with an Outperform at Noble Capital
- SEGG Media highlights recent acquisition of Concerts.com, TicketStub.com
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- SEGG Media Implements 1-for-10 Reverse Stock Split
- SEGG expects to complete ‘number of target acquisitions’ in next two quarters