H.C. Wainwright Maintains a Neutral Rating at $7.00 a Share on LM Funding America Inc. (NASDAQ: LMFA)
Analyst Michael Donavon of H.C. Wainwright Maintains a Neutral rating on LM Funding America Inc. (NASDAQ: LMFA) with a price target of $7.00.
In the report analyst Michael Donavon of H.C. Wainwright indicates that he evaluated LMFA on while we now have greater clarity on expansion of the company. Michael’s findings also states that management highlighted on Monday’s earnings call a notable valuation gap, with a market capitalization currently at approximately $6.5 million ($1.27 per share) versus bitcoin holdings valued at $14.4 million ($2.81per share). Risks of investment include all those associated with volatile cryptocurrencies, including the bitcoin network hash rate and bitcoin price, while also including hacking and other exposures exclusive to digital activities and those of small cap companies, including dilution.
About LM Funding America Inc. (NASDAQ: LMFA)
LM Funding America, Inc. operates as a cryptocurrency mining and specialty finance company.
It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida.
About Landon Capital
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