| Date | Analyst | Company | Last | Target | Call | Valuation |
| 03/23/17 | NRA | Serial System | 0.178 | 0.24 | Overweight | PER11.3x FY17 |
| 05/22/18 | NRA | Serial System | 0.1666 | 0.24 | Overweight | DCF |
| 08/17/18 | NRA | Serial System | 0.146 | 0.24 | Overweight | Sum of parts, PER11.2x FY18 |
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