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 report issued on Friday.
Separately, Rosenblatt Securities reissued a "buy" rating and set a $7.80 price target on shares of Emerald in a research report on Friday, May 2nd.
Read Our Latest Stock Analysis on Emerald
Emerald Stock Up 1.2%
Shares of EEX traded up $0.06 during trading hours on Friday, reaching $4.69. 121,463 shares of the stock traded hands, compared to its average volume of 197,392. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The stock has a fifty day simple moving average of $4.13 and a 200 day simple moving average of $4.37. Emerald has a 52 week low of $3.22 and a 52 week high of $6.74. The company has a market cap of $931.65 million, a price-to-earnings ratio of -8.68 and a beta of 1.05.
Emerald (NYSE:EEX - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%. The company had revenue of $147.70 million for the quarter, compared to analyst estimates of $134.30 million.
Institutional Trading of Emerald
Several hedge funds have recently added to or reduced their stakes in EEX. Copeland Capital Management LLC bought a new stake in Emerald in the fourth quarter worth about $57,000. Two Sigma Securities LLC bought a new stake in Emerald in the fourth quarter worth about $62,000. XTX Topco Ltd bought a new stake in Emerald in the fourth quarter worth about $69,000. ExodusPoint Capital Management LP bought a new stake in Emerald in the fourth quarter worth about $72,000. Finally, Nuveen LLC bought a new stake in Emerald in the first quarter worth about $78,000. Institutional investors own 14.90% of the company's stock.
About Emerald
(
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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