NetworkNewsBreaks – Function(x), Inc. (NASDAQ: FNCX) Receives $3.20 PT from SeeThruEquity
SeeThruEquity has initiated coverage and issued a price target of $3.20 on shares of Function(x), Inc. (NASDAQ: FNCX). The analyst noted that the company’s media properties, Wetpaint and Rant, had approximately 210 million page views in March and have over 10 million social media followers. The analyst also cited the company’s steps to restructure its balance sheet, demonstrated by the $4.8 million new equity capital raised in February. Function(x) is also evaluating the sale of non-core assets and is in the process of renegotiating its debt. For more information, visit www.functionxinc.com About Function(x), Inc. Function(x) operates Wetpaint.com and Rant. Wetpaint…