Weiss Ratings Reiterates "Hold (C-)" Rating for Emerald (NYSE:EEX)

Key Points

• Weiss Ratings has reiterated a "Hold (C-)" rating for Emerald (NYSE:EEX), indicating a cautious stance on the stock's performance.
• Emerald's stock price target has been increased from $7.80 to $7.90 by Rosenblatt Securities, which has assigned a "buy" rating to the stock.
• The company reported a quarterly revenue of $105.50 million, exceeding analysts' expectations of $100.40 million, although it showed a net loss of $0.01 per share.

Emerald (NYSE:EEX - Get Free Report)'s stock had its "hold (c-)" rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on EEX. Rosenblatt Securities increased their price target on shares of Emerald from $7.80 to $7.90 and gave the company a "buy" rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of Emerald from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Emerald has a consensus rating of "Moderate Buy" and an average target price of $7.95.

Emerald Trading Up 0.6%

Shares of EEX stock traded up $0.03 on Wednesday, hitting $4.89. 25,796 shares of the company's stock traded hands, compared to its average volume of 52,098. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. Emerald has a one year low of $3.21 and a one year high of $5.45. The company's fifty day simple moving average is $5.00 and its 200 day simple moving average is $4.66. The stock has a market capitalization of $968.07 million, a price-to-earnings ratio of 97.80 and a beta of 1.09.

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

Institutional Investors Weigh In On Emerald

Several institutional investors and hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC lifted its position in shares of Emerald by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 19,328 shares of the company's stock worth $94,000 after purchasing an additional 2,718 shares during the period. Hsbc Holdings PLC increased its stake in shares of Emerald by 12.3% in the 1st quarter. Hsbc Holdings PLC now owns 39,818 shares of the company's stock worth $153,000 after acquiring an additional 4,351 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Emerald by 18.1% in the 2nd quarter. Jane Street Group LLC now owns 33,350 shares of the company's stock worth $162,000 after acquiring an additional 5,113 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Emerald in the 2nd quarter worth about $33,000. Finally, State of Wyoming increased its stake in shares of Emerald by 8.6% in the 1st quarter. State of Wyoming now owns 93,698 shares of the company's stock worth $368,000 after acquiring an additional 7,409 shares in the last quarter. 14.90% of the stock is owned by hedge funds and other institutional investors.

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.

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