Emerald (NYSE:EEX) Downgraded to "Sell (D+)" Rating by Weiss Ratings

Key Points

• Emerald (NYSE:EEX) was downgraded from a "hold (C-)" to a "sell (D+)" rating by Weiss Ratings, indicating a negative outlook for the company's stock.
• Despite the downgrade, Rosenblatt Securities raised their target price for Emerald shares from $7.80 to $7.90, while two other research analysts issued Buy ratings.
• The stock has a market capitalization of approximately $926.30 million and reported a quarterly revenue of $105.50 million, exceeding analysts' expectations.

Emerald (NYSE:EEX - Get Free Report) was downgraded by equities research analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a note issued to investors on Friday,Weiss Ratings reports.

Several other research firms also recently commented on EEX. Rosenblatt Securities boosted their target price on shares of Emerald from $7.80 to $7.90 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of Emerald from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $7.95.

Emerald Stock Performance

Shares of EEX opened at $4.68 on Friday. The company's 50 day moving average price is $4.98 and its 200 day moving average price is $4.74. Emerald has a 52 week low of $3.21 and a 52 week high of $5.45. The company has a market capitalization of $926.30 million, a PE ratio of 93.58 and a beta of 1.09. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05.

Emerald (NYSE:EEX - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.01) EPS for the quarter. The company had revenue of $105.50 million for the quarter, compared to analysts' expectations of $100.40 million. Emerald had a net margin of 1.83% and a return on equity of 2.03%. During the same period in the previous year, the firm posted ($0.02) earnings per share. Emerald has set its FY 2025 guidance at EPS.

Institutional Trading of Emerald

Institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of Emerald in the third quarter worth $31,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Emerald in the second quarter worth $33,000. Vontobel Holding Ltd. acquired a new stake in shares of Emerald in the second quarter worth $61,000. Copeland Capital Management LLC lifted its stake in shares of Emerald by 40.5% in the first quarter. Copeland Capital Management LLC now owns 16,610 shares of the company's stock worth $65,000 after buying an additional 4,784 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Emerald in the first quarter worth $78,000. 14.90% of the stock is currently owned by institutional investors and hedge funds.

About Emerald

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.

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