Super League Gaming (NASDAQ:SLGG) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus price target of $15.00 for the company and are anticipating that the company will post ($0.43) EPS for the current quarter, according to Zacks. Zacks has also assigned Super League Gaming an industry rank of 220 out of 255 based on the ratings given to related companies.
Separately, ValuEngine downgraded Super League Gaming from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th.
In other news, major shareholder Mark Jung bought 31,560 shares of Super League Gaming stock in a transaction on Tuesday, October 1st. The shares were purchased at an average price of $21.96 per share, for a total transaction of $693,057.60. Insiders have acquired a total of 55,463 shares of company stock worth $782,987 in the last quarter.
Several hedge funds have recently bought and sold shares of SLGG. Morgan Stanley purchased a new position in shares of Super League Gaming during the 2nd quarter worth approximately $36,000. Tiedemann Advisors LLC bought a new stake in shares of Super League Gaming in the 3rd quarter worth approximately $48,000. Creative Planning bought a new stake in shares of Super League Gaming in the 3rd quarter worth approximately $53,000. BlackRock Inc. bought a new stake in shares of Super League Gaming in the 2nd quarter worth approximately $60,000. Finally, Millennium Management LLC bought a new stake in shares of Super League Gaming in the 3rd quarter worth approximately $65,000. Hedge funds and other institutional investors own 12.38% of the company’s stock.
NASDAQ:SLGG traded up $0.12 during mid-day trading on Friday, reaching $2.70. 42,079 shares of the company’s stock traded hands, compared to its average volume of 80,261. Super League Gaming has a 12-month low of $1.85 and a 12-month high of $11.55. The company has a 50 day moving average price of $2.89 and a 200-day moving average price of $5.51.
Super League Gaming (NASDAQ:SLGG) last announced its quarterly earnings results on Wednesday, November 13th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.07). The company had revenue of $0.35 million during the quarter, compared to the consensus estimate of $0.30 million. Analysts expect that Super League Gaming will post -2.62 EPS for the current fiscal year.
Super League Gaming Company Profile
Super League Gaming, Inc operates an esports community and content platform. The company through its platform connects a network of gamers, venues, and brand partners to enable local, social, and competitive esports that could be broadcasted through its platform. The company was formerly known as Nth Games, Inc and changed its name to Super League Gaming, Inc in July 2015.
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