Loop Media price target lowered to $2.50 from $5 at B. Riley

B. Riley lowered the firm’s price target on Loop Media to $2.50 from $5 and keeps a Buy rating on the shares after the company reported Q4 revenue and AEBITDA that were worse than the firm’s estimates. Following the Q4 report, the firm is lowering its estimates for “a more conservative ramp” and a delayed pivot to positive AEBITDA.