Emerald (NYSE:EEX – Get Free Report) had its price target decreased by Maxim Group from $11.00 to $8.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Maxim Group’s price target would suggest a potential upside of 96.08% from the stock’s current price.
Separately, Rosenblatt Securities reduced their price objective on Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a research report on Thursday.
View Our Latest Research Report on EEX
Emerald Trading Up 3.6 %
Emerald (NYSE:EEX – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.13. The business had revenue of $86.00 million during the quarter. Emerald had a negative net margin of 5.29% and a negative return on equity of 27.27%.
Hedge Funds Weigh In On Emerald
Several large investors have recently bought and sold shares of the stock. FFT Wealth Management LLC bought a new position in shares of Emerald in the second quarter valued at approximately $532,000. Thrivent Financial for Lutherans boosted its stake in Emerald by 17.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock valued at $719,000 after purchasing an additional 19,156 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Emerald by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock valued at $1,112,000 after purchasing an additional 16,200 shares during the period. SG Americas Securities LLC bought a new stake in shares of Emerald in the 3rd quarter worth $53,000. Finally, Vanguard Group Inc. raised its stake in shares of Emerald by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company’s stock worth $7,581,000 after buying an additional 5,184 shares in the last quarter. Institutional investors and hedge funds 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.
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