Zedge, Inc. (NYSEAMERICAN:ZDGE) Plans Quarterly Dividend of $0.02

Zedge, Inc. (NYSEAMERICAN:ZDGE) announced a quarterly dividend on Thursday, June 4th. Stockholders of record on Monday, June 22nd will be paid a dividend of 0.02 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 22nd.

Zedge Price Performance

Shares of Zedge stock opened at $2.99 on Friday. The firm has a market cap of $37.49 million, a price-to-earnings ratio of -33.22 and a beta of 1.26. Zedge has a 52-week low of $2.21 and a 52-week high of $4.89. The company’s 50-day simple moving average is $3.10 and its 200-day simple moving average is $3.13.

Zedge (NYSEAMERICAN:ZDGE) last issued its earnings results on Thursday, June 11th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $7.99 million for the quarter, compared to analyst estimates of $7.00 million. Zedge had a negative net margin of 3.62% and a positive return on equity of 11.18%. Equities research analysts anticipate that Zedge will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research raised Zedge to a “hold” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.00.

Zedge Company Profile

Zedge, Inc (NYSE American: ZDGE) is a digital media and technology company that operates a mobile personalization platform. Through its flagship Zedge app and website, the company provides consumers with a wide range of downloadable digital content, including wallpapers, ringtones, notification sounds, app icons and lock screens. The platform accommodates both free and premium content, enabling users to customize their smartphones and tablets according to personal taste.

The company’s platform features content created by independent designers and established media brands, and it supports multiple languages and regional preferences.