CLIQ Digital AG: Montega initiates coverage on CLIQ Digital with 'BUY' recommendation and target price of EUR 19.00

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CLIQ Digital AG: Montega initiates coverage on CLIQ Digital with "BUY" recommendation and target price of EUR 19.00

Düsseldorf, 9 September 2020 - The analysts of Montega have commenced coverage on CLIQ Digital (ISIN DE000A0HHJR3, WKN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services.

Montega analyst Henrik Markmann published a "Buy" rating on CLIQ Digital shares and set a target price of EUR 19.00 on the back of strong operational drivers and attractive growth prospects in the digital market for streaming entertainment services.

The coverage initiation study of Montega highlights how CLIQ Digital grows thanks to its innovative marketing strategy based on direct marketing performed by CLIQ's own media buying team, avoiding expensive brand marketing campaigns. CLIQ Digital has been able to position itself as a full-service provider on the streaming market, offering its customers an all-in-one membership of licensed content at a very competitive price point.

"CLIQ Digital is actively participating in the current structural change of the entertainment industry and will continue to benefit from its business model also in the following years. Even though there are numerous big competitors, CLIQ Digital with its largely unique positioning as an all-in-one platform has a clearly recognizable competitive advantage. Despite the strong share price performance, however, the shares are currently trading at a P/E ratio of 9.7x or at an EV/EBIT multiple of 6.0x for 2021, so in our opinion the capital market still does not reward the full potential of the relatively cyclically resistant business model," stated Henrik Markmann.

Including Montega, CLIQ Digital shares are now covered by a total of four renowned research companies:

About CLIQ Digital:

CLIQ Digital (www.cliqdigital.com) is a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. Members get unlimited access to music, audiobooks, games, sports and movie content. The core business of the Group is the online direct marketing of its streaming entertainment services to consumers globally. In 2019 CLIQ Digital realized over 90% of its sales in Europe and North America. CLIQ Digital's headquarter is based in Dusseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The Group employs approximately 100 staff and is listed in the Scale (30) segment at the Frankfurt Stock Exchange (ISIN DE000A0HHJR3).

Contact CLIQ Digital:
Sebastian McCoskrie
Tel.: +49 151 52043659
E-Mail: s.mccoskrie@cliqdigital.com

Contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 (0) 089 125 09 03-33
E-Mail: sh@crossalliance.de
www.crossalliance.de