Emerald (NYSE:EEX) Rating Increased to Buy at Wall Street Zen

Emerald (NYSE:EEX - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

Separately, Rosenblatt Securities restated a "buy" rating and issued a $7.80 target price on shares of Emerald in a report on Friday, May 2nd.

Emerald Trading Up 1.2%

NYSE EEX traded up $0.06 during trading hours on Friday, hitting $4.64. 47,008 shares of the company were exchanged, compared to its average volume of 134,466. Emerald has a 52 week low of $3.21 and a 52 week high of $6.74. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average price of $4.09 and a 200 day moving average price of $4.37. The stock has a market cap of $921.71 million, a PE ratio of -8.58 and a beta of 1.05.

Emerald (NYSE:EEX - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.08 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $134.30 million.

Hedge Funds Weigh In On Emerald

Several hedge funds have recently bought and sold shares of EEX. Copeland Capital Management LLC purchased a new stake in shares of Emerald during the fourth quarter valued at $57,000. Two Sigma Securities LLC bought a new position in Emerald in the 4th quarter worth about $62,000. XTX Topco Ltd purchased a new position in shares of Emerald during the fourth quarter worth approximately $69,000. ExodusPoint Capital Management LP bought a new stake in shares of Emerald during the fourth quarter valued at approximately $72,000. Finally, Nuveen LLC purchased a new stake in shares of Emerald in the first quarter valued at approximately $78,000. Institutional investors 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.