Emerald (NYSE:EEX) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Emerald Holding, Inc. (NYSE:EEX) experienced a significant increase in trading volume, with 292,455 shares traded, marking a 475% rise compared to the previous session.
• Brokerages have recently upgraded Emerald's stock, with a consensus rating of "Buy" and a target price of $7.95.
• The company announced a quarterly dividend of $0.015 per share, representing an annualized dividend yield of 1.2%, despite a high dividend payout ratio of 120%.

Emerald Holding, Inc. (NYSE:EEX - Get Free Report) shares saw an uptick in trading volume on Monday . 292,455 shares traded hands during trading, an increase of 475% from the previous session's volume of 50,887 shares.The stock last traded at $5.10 and had previously closed at $5.15.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EEX. Wall Street Zen upgraded Emerald from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Rosenblatt Securities boosted their price objective on Emerald from $7.80 to $7.90 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Emerald currently has an average rating of "Buy" and a consensus target price of $7.95.

Emerald Price Performance

The stock has a market cap of $1.03 billion, a PE ratio of 104.00 and a beta of 1.19. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day moving average of $5.03 and a 200 day moving average of $4.59.

Emerald (NYSE:EEX - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.01) EPS for the quarter. The business had revenue of $105.50 million during 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 prior year, the company posted ($0.02) EPS. Emerald has set its FY 2025 guidance at EPS.

Emerald Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a $0.015 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. Emerald's dividend payout ratio is currently 120.00%.

Institutional Trading of Emerald

Institutional investors and hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey acquired a new stake in Emerald during the second quarter valued at approximately $33,000. Vontobel Holding Ltd. acquired a new stake in Emerald during the second quarter valued at approximately $61,000. Copeland Capital Management LLC raised its stake in Emerald by 40.5% during the first quarter. Copeland Capital Management LLC now owns 16,610 shares of the company's stock valued at $65,000 after buying an additional 4,784 shares in the last quarter. Nuveen LLC acquired a new stake in Emerald during the first quarter valued at approximately $78,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Emerald during the first quarter valued at approximately $116,000. Institutional investors and hedge funds own 14.90% of the company's stock.

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.