Emerald (NYSE:EEX) Price Target Raised to $7.90 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 target upped by equities research analysts at Rosenblatt Securities from $7.80 to $7.90 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Rosenblatt Securities' price target points to a potential upside of 60.41% from the stock's previous close.

Separately, Wall Street Zen downgraded Emerald from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $7.95.

Emerald Stock Up 1.8%

Shares of NYSE EEX traded up $0.0850 on Thursday, hitting $4.9250. The company had a trading volume of 3,448 shares, compared to its average volume of 113,376. Emerald has a 12-month low of $3.21 and a 12-month high of $6.65. The business has a 50 day moving average of $4.97 and a two-hundred day moving average of $4.44. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $975.02 million, a P/E ratio of 98.50 and a beta of 1.16.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Emerald in the 2nd quarter worth approximately $33,000. Vontobel Holding Ltd. acquired a new position in shares of Emerald in the 2nd quarter valued at $61,000. Two Sigma Securities LLC acquired a new position in shares of Emerald in the 4th quarter valued at $62,000. XTX Topco Ltd acquired a new stake in Emerald during the 4th quarter worth about $69,000. Finally, Copeland Capital Management LLC boosted its position 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 acquiring an additional 4,784 shares during the period. Institutional investors own 14.90% of the company's stock.

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.