Powerus (NASDAQ:PUSA) Stock Picked Up by Analysts at Northland Securities

Key Points

• Northland Securities initiated coverage of Powerus with an “outperform” rating and a $5.00 price target, implying potential upside of 209.6% from the prior close.
• Analyst views remain mixed: Powerus has two Buy ratings, one Hold, and one Sell, resulting in a consensus “Hold” rating and an average price target of $6.25.
• Powerus opened at $1.61 and continues to report weak fundamentals, including $0.71 million in quarterly revenue, a negative net margin of 154.2%, and expected full-year EPS of negative $0.13.

Analysts at Northland Securities began coverage on shares of Powerus (NASDAQ:PUSA - Get Free Report) in a research note issued on Tuesday, Briefing.com reports. The firm set an "outperform" rating and a $5.00 price target on the stock. Northland Securities's price objective points to a potential upside of 209.60% from the stock's previous close.

Several other equities analysts have also recently commented on the stock. Zacks Research upgraded shares of Powerus to a "hold" rating in a report on Thursday, August 27th. Wall Street Zen upgraded Powerus from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Powerus in a report on Monday, September 21st. Finally, Roth Capital began coverage on Powerus in a research report on Wednesday, August 26th. They set a "buy" rating and a $7.50 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $6.25.

Powerus Price Performance

NASDAQ PUSA opened at $1.61 on Tuesday. The company has a 50 day simple moving average of $3.03 and a 200-day simple moving average of $3.75. Powerus has a 52-week low of $1.61 and a 52-week high of $6.57.

Powerus (NASDAQ:PUSA - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.00) EPS for the quarter. The firm had revenue of $0.71 million for the quarter. Powerus had a negative net margin of 154.20% and a negative return on equity of 12.81%. Research analysts predict that Powerus will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Thrive Wealth Management LLC bought a new position in shares of Powerus during the 2nd quarter valued at $120,000. Bank of America Corp DE acquired a new stake in shares of Powerus in the 2nd quarter valued at $384,000. BlackRock Inc. bought a new stake in Powerus in the second quarter worth $394,000. Finally, PEAK6 LLC bought a new stake in Powerus in the second quarter worth $1,197,000.

About Powerus

We own and operate two public golf country clubs in Florida that each features a golf-club, consisting of over 289 acres of multi-service recreational property. Our golf country clubs include two golf-courses with over 13,000 yards of combined fairways, clubhouses boasting food and beverage options, aquatic golf ranges, and pro shops to assist any level of golfer. We believe our golf country clubs are a serene combination of approachable golf and nature that are designed to appeal to local residents and tourists alike.

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