Zacks Investment Research Downgrades 4Licensing (OTCMKTS:FOUR) to Hold

Zacks Investment Research lowered shares of 4Licensing (OTCMKTS:FOUR) from a buy rating to a hold rating in a report issued on Monday morning, Zacks.com reports.

According to Zacks, “Shift4 Payments Inc. is a provider of integrated payment processing and technology solutions. Shift4 Payments Inc. is based in Allentown, United States. “

Other equities analysts also recently issued reports about the company. Goldman Sachs Group began coverage on 4Licensing in a research note on Tuesday, June 30th. They issued a buy rating and a $42.00 target price for the company. Credit Suisse Group lifted their target price on 4Licensing from $42.00 to $50.00 and gave the company an outperform rating in a research note on Friday, August 7th. Evercore ISI began coverage on 4Licensing in a research note on Tuesday, June 30th. They issued an outperform rating and a $48.00 target price for the company. Morgan Stanley lifted their target price on 4Licensing from $37.00 to $40.00 and gave the company an equal weight rating in a research note on Friday, August 7th. Finally, Compass Point assumed coverage on 4Licensing in a research report on Thursday, July 9th. They set a sell rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $44.18.

OTCMKTS:FOUR opened at $46.99 on Monday. The stock has a 50-day moving average price of $46.81. 4Licensing has a one year low of $30.00 and a one year high of $56.20.

4Licensing (OTCMKTS:FOUR) last issued its earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.56) by $1.53. The company had revenue of $67.40 million during the quarter, compared to analyst estimates of $41.15 million.

In related news, major shareholder Searchlight Capital Partners I sold 7,856,373 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $46.68, for a total transaction of $366,735,491.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

A hedge fund recently bought a new stake in 4Licensing stock. Neuberger Berman Group LLC bought a new position in shares of 4Licensing Corp (OTCMKTS:FOUR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 208,970 shares of the company’s stock, valued at approximately $7,419,000. Neuberger Berman Group LLC owned approximately 0.27% of 4Licensing at the end of the most recent reporting period.

About 4Licensing

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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Analyst Recommendations for 4Licensing (OTCMKTS:FOUR)

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