4Licensing Corp (OTCMKTS:FOUR) shares were down 4.1% during mid-day trading on Tuesday . The stock traded as low as $37.36 and last traded at $37.42, approximately 578,538 shares were traded during trading. A decline of 39% from the average daily volume of 950,814 shares. The stock had previously closed at $39.04.
Several analysts have recently issued reports on FOUR shares. SunTrust Banks started coverage on shares of 4Licensing in a research report on Tuesday, June 30th. They set a “buy” rating and a $46.00 price target on the stock. Morgan Stanley started coverage on shares of 4Licensing in a research report on Tuesday, June 30th. They set an “equal weight” rating and a $37.00 price target on the stock. Wolfe Research assumed coverage on shares of 4Licensing in a research report on Monday, June 29th. They set an “outperform” rating and a $44.00 price target on the stock. Credit Suisse Group assumed coverage on shares of 4Licensing in a report on Tuesday, June 30th. They issued an “outperform” rating and a $42.00 target price on the stock. Finally, Compass Point assumed coverage on shares of 4Licensing in a report on Thursday, July 9th. They issued a “sell” rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $41.90.
4Licensing Company Profile (OTCMKTS:FOUR)
4Licensing Corporation is a licensing company and technology company specializing in the sports and specialty brands. The Company operates through two segments: Entertainment and Brand Licensing, and IsoBLOX and Sports Licensing/Distribution. Through its subsidiaries, it licenses merchandising rights to children’s television series, properties and product concepts, builds brands through licensing, develops ideas and concepts for licensing, and plans to forge new licensing relationships in the sports industry, as well as developing private label goods to be sold to retail or directly to consumers.
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