Zedge, Inc. (ZDGE) To Go Ex-Dividend on November 9th

Zedge, Inc. (NYSEAMERICAN:ZDGE) declared a quarterly dividend on Monday, October 26th. Stockholders of record on Monday, November 9th will be given a dividend of $0.02 per share on Monday, November 23rd. This represents a $0.08 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 9th.

Zedge Stock Performance

Shares of NYSEAMERICAN ZDGE opened at $2.24 on Friday. Zedge has a fifty-two week low of $2.13 and a fifty-two week high of $4.70. The company has a 50 day simple moving average of $2.84 and a two-hundred day simple moving average of $3.01. The company has a market capitalization of $33.60 million, a price-to-earnings ratio of -111.94 and a beta of 1.32.

Zedge (NYSEAMERICAN:ZDGE) last released its earnings results on Monday, October 26th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $7.77 million during the quarter, compared to the consensus estimate of $7.20 million. Zedge had a negative net margin of 0.41% and a positive return on equity of 13.19%. On average, analysts forecast that Zedge will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Zedge from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus price target of $6.00.

Zedge Company Profile

Zedge, Inc (NYSE American: ZDGE) operates a mobile-first digital content platform that enables users to discover, customize and share content for smartphones and other personal devices. Its principal consumer product is the Zedge app, which offers wallpapers, video wallpapers, ringtones, notification sounds, stickers and other personalization content.

The company provides both free and premium content, with offerings from independent creators as well as technology-assisted and user-generated content.