Emerald (NYSE:EEX) Given New $7.90 Price Target at Rosenblatt Securities

Key Points

• Rosenblatt Securities has raised its target price for Emerald (EEX) from $7.80 to $7.90, indicating a potential upside of 58.79% from the last close, while maintaining a "buy" rating on the stock.
• Conversely, Wall Street Zen downgraded Emerald's rating from "buy" to "hold," highlighting differing analyst perspectives on the stock's future performance.
• Emerald reported $105.50 million in revenue for the last quarter, exceeding analyst estimates, and showed a net margin of 1.83% despite a net loss per share of ($0.01).

Emerald (NYSE:EEX - Get Free Report) had its price objective boosted by stock analysts at Rosenblatt Securities from $7.80 to $7.90 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Rosenblatt Securities' target price suggests a potential upside of 60.24% from the stock's previous close.

Separately, Wall Street Zen lowered Emerald from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th.

Emerald Stock Up 0.8%

Emerald stock traded up $0.04 during midday trading on Thursday, reaching $4.93. The company's stock had a trading volume of 30,514 shares, compared to its average volume of 54,436. The stock's 50-day simple moving average is $4.97 and its 200-day simple moving average is $4.44. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.05 and a quick ratio of 1.05. Emerald has a 52-week low of $3.21 and a 52-week high of $6.65. The stock has a market capitalization of $975.99 million, a P/E ratio of 98.60 and a beta of 1.16.

Emerald (NYSE:EEX - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.01) EPS for the quarter. Emerald had a net margin of 1.83% and a return on equity of 2.03%. The business had revenue of $105.50 million during the quarter, compared to analysts' expectations of $100.40 million. During the same quarter last year, the business posted ($0.02) earnings per share.

Institutional Trading of Emerald

Hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Emerald in the second quarter valued at approximately $33,000. Vontobel Holding Ltd. purchased a new stake in shares of Emerald during the second quarter worth approximately $61,000. Two Sigma Securities LLC purchased a new stake in shares of Emerald during the fourth quarter worth approximately $62,000. Copeland Capital Management LLC increased its position in shares of Emerald by 40.5% during the first 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 in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Emerald during the fourth quarter worth approximately $69,000. 14.90% of the stock is owned by hedge funds and other institutional investors.

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.