– New record of transactions in November<\/strong><\/p>\n – NAGA Pay launched with millions in transaction volume<\/strong><\/p>\n HAMBURG, Germany–(BUSINESS WIRE<\/a>)– \nThe number of real money transactions is at a record level. With a total of 1.3 million transactions and new monthly records in October with 645,000 and November with 680,000 the Q4 figure will clearly surpass the record of Q3 2020 (1.5 million transactions). At the same time, the trading volume in the current fourth quarter has already exceeded EUR 25 billion (Q3 2020: EUR 33 billion) and will therefore also reach a record level.\n<\/p>\n \n“We are fully on track to achieve our annual targets. We are pleased that our investments in Marketing & Sales are bearing fruits and that we can continue to expand and improve our customer base, customer activity and the entire platform. NAGA has found a growth formula that enables it to grow in a precise way, fully, digitally and on a global level. The market potential is promising and the industry is growing – especially due to accelerated digitization, the topic of investing is more popular than ever”, summarizes the CEO Benjamin Bilski.\n<\/p>\n \nNAGA GROUP AG also announces that the analysts from Hauck & Aufh\u00e4user Research have started coverage of The NAGA GROUP share. Analyst Frederik Jarchow gives a buy recommendation with a price target of EUR 5.90. This corresponds to an upside potential of around 80%. In the initial study, Hauck & Aufh\u00e4user particularly highlights the successful global rollout and digital marketing strategy and underlines the unique symbiosis of a trading and social media platform, which should lead to high YoY sales growth in the coming years and an increasing EBITDA margin.\n<\/p>\n
\nThe NAGA GROUP (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for financial market trading NAGA.com, reports sustained growth at a high level in the months of October and November on its digital trading platform NAGA.com<\/a>.\n<\/p>\n