Emerald (NYSE:EEX - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Thursday.
Separately, Rosenblatt Securities reiterated a "buy" rating and issued a $7.80 price objective on shares of Emerald in a report on Friday, May 2nd.
Check Out Our Latest Analysis on Emerald
Emerald Price Performance
Shares of NYSE EEX remained flat at $4.55 during midday trading on Thursday. The stock had a trading volume of 11,931 shares, compared to its average volume of 133,062. The stock has a market cap of $904.81 million, a price-to-earnings ratio of -8.43 and a beta of 1.05. Emerald has a one year low of $3.21 and a one year high of $6.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a fifty day simple moving average of $4.03 and a 200-day simple moving average of $4.37.
Emerald (NYSE:EEX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%. The firm had revenue of $147.70 million during the quarter, compared to analysts' expectations of $134.30 million.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of EEX. Barclays PLC boosted its position in Emerald by 184.2% during the 3rd quarter. Barclays PLC now owns 21,977 shares of the company's stock worth $109,000 after acquiring an additional 14,244 shares during the last quarter. Copeland Capital Management LLC bought a new stake in shares of Emerald in the fourth quarter worth $57,000. Bank of New York Mellon Corp boosted its holdings in Emerald by 721.6% during the fourth quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company's stock worth $2,334,000 after purchasing an additional 425,207 shares during the last quarter. Victory Capital Management Inc. bought a new position in Emerald in the fourth quarter valued at $92,000. Finally, Raymond James Financial Inc. acquired a new stake in Emerald in the 4th quarter valued at $2,970,000. 14.90% of the stock is currently owned by institutional investors.
Emerald Company Profile
(
Get Free Report)
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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