SeeThruEquity Initiates Coverage with Buy Recommendation on One Horizon Group - Video Research Alert on InvestmentPitch.com
February 05, 2015 12:45 PM EST | Source: InvestmentPitch Media
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2015) - New York based SeeThruEquity has initiated coverage on One Horizon Group (NASDAQ: OHGI). Analyst Ajay Tandon gives One Horizon a speculative rating, and a target price of $4.05, a premium of 235% to the $1.21 price on February 2nd, the day the report was issued.
InvestmentPitch.com has produced a "video research alert" about One Horizon Group based on this report. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Horizon" in the search box.
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One Horizon develops and markets one of the world's most bandwidth-efficient mobile voice over Internet Protocol (VoIP) platforms for smartphones, and also offers a range of other optimized data applications including messaging and mobile advertising.
Using its proprietary SmartPacket™ technology platform, the company has been able to significantly improve the efficiency by which voice signals are transmitted by radio over the Internet resulting in a 10X reduction in mobile spectrum required to transmit a VoIP call.
Instead of following other mobile app developers which compete with mobile carriers, OHGI looks to partner with carriers to reduce the strain on their networks and recapture migrating revenue.
The company has recently announced a handful of Tier 1 customer agreements and has a strong backlog and momentum heading into 2015.
On February 4th, subsequent to the buy recommendation, the company announced the rollout of its platform in China, under the brand name Aishuo.
Brian Collins, founder and CEO stated: "The Chinese market is massive and much more disparate than any market we have previously entered. We are entering this market via a true direct-to-consumer smartphone app under our own brand, Aishuo. Our recent capital raise has funded our strategic development plan; and I am confident and excited to begin the next phase of the Company to expand our business model with a direct connection to our subscribers."
The shares soared following this announcement, and are currently trading at $2.25, still well below the $4.05 target price, and with 32.9 million shares outstanding, the company is capitalized at $74 million.
For more information about One Horizon, please visit the company's website www.onehorizongroup.com, contact Brian Collins, CEO & and Founder at +41-79-6422265 or email brian.collins@onehorizongroup.com.
Investor relations is handled by Matthew Selinger at MZ Group, who can be reached at 949-298-4319 or by email at mselinger@mzgroup.us.
For more information about SeeThruEquity or to obtain a copy of their research report, please visit the company's website www.seethruequity.com or contact Ajay Tandon, Director of Research, at 646-495-0939 or email ajay@seethruequity.com.
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