LM Funding America (LMFA) Gets a Buy from Maxim Group

Maxim Group analyst Matthew Galinko maintained a Buy rating on LM Funding America (LMFAResearch Report) yesterday and set a price target of $3.00. The company’s shares opened today at $1.21.

Galinko covers the Technology sector, focusing on stocks such as American Software, Xperi, and Unisys. According to TipRanks, Galinko has an average return of -3.5% and a 39.19% success rate on recommended stocks.

LM Funding America has an analyst consensus of Moderate Buy, with a price target consensus of $3.00.

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Based on LM Funding America’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $5.73 million. In comparison, last year the company earned a revenue of $6.45 million and had a net profit of $4.38 million

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LM Funding America, Inc. operates as a financial company which engages in the provision of funding to nonprofit community associations by purchasing its rights under delinquent accounts. The firm’s products include LM funding classic, new neighbor guaranty, and complete protecion plan. It also involves in the business of purchasing delinquent accounts on various terms tailored to suit each association’s financial needs, including under its New Neighbor Guaranty program. The company was founded by Carollinn Gould on January 14, 2008 and is headquartered in Tampa, FL.

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