Emerald's (EEX) Buy Rating Reaffirmed at Rosenblatt Securities

Emerald (NYSE:EEX - Get Free Report)'s stock had its "buy" rating reiterated by Rosenblatt Securities in a research report issued on Friday,Benzinga reports. They currently have a $7.80 target price on the stock. Rosenblatt Securities' price objective would suggest a potential upside of 70.12% from the stock's previous close.

Emerald Stock Performance

Shares of Emerald stock traded up $0.07 during trading on Friday, reaching $4.59. The company's stock had a trading volume of 29,527 shares, compared to its average volume of 191,815. Emerald has a 52 week low of $3.17 and a 52 week high of $6.74. The firm has a market cap of $915.15 million, a PE ratio of -8.49 and a beta of 1.05. The business's 50-day moving average price is $3.87 and its 200-day moving average price is $4.36. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02.

Emerald (NYSE:EEX - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The business had revenue of $147.70 million during the quarter, compared to the consensus estimate of $134.30 million. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%.

Institutional Investors Weigh In On Emerald

A number of institutional investors have recently added to or reduced their stakes in EEX. Geode Capital Management LLC increased its holdings in Emerald by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 394,834 shares of the company's stock valued at $1,903,000 after purchasing an additional 3,430 shares during the period. First Manhattan CO. LLC. increased its position in Emerald by 16.4% during the 4th quarter. First Manhattan CO. LLC. now owns 25,338 shares of the company's stock valued at $122,000 after purchasing an additional 3,575 shares during the period. Copeland Capital Management LLC raised its holdings in Emerald by 40.5% during the 1st quarter. Copeland Capital Management LLC now owns 16,610 shares of the company's stock worth $65,000 after purchasing an additional 4,784 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Emerald by 25.5% in the fourth quarter. Hsbc Holdings PLC now owns 35,467 shares of the company's stock valued at $172,000 after buying an additional 7,208 shares during the period. Finally, Contrarian Capital Management L.L.C. boosted its position in shares of Emerald by 1.0% during the 4th quarter. Contrarian Capital Management L.L.C. now owns 790,885 shares of the company's stock valued at $3,812,000 after purchasing an additional 7,878 shares in the last quarter. 14.90% of the stock is owned by institutional investors.

Emerald Company Profile

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.