Brag House (NASDAQ:TBH) Shares to Reverse Split on Monday, June 1st

Brag House Holdings, Inc. (NASDAQ:TBH) shares are scheduled to reverse split on Monday, June 1st. The 1-8 reverse split was announced on Thursday, May 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 29th.

Brag House Stock Down 7.4%

TBH stock traded down $0.05 during trading on Thursday, reaching $0.64. The company’s stock had a trading volume of 1,409,418 shares, compared to its average volume of 637,274. Brag House has a 1 year low of $0.21 and a 1 year high of $2.44. The firm has a market cap of $15.40 million, a P/E ratio of -0.42 and a beta of 11.64. The company has a fifty day moving average price of $0.54.

Brag House (NASDAQ:TBH) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brag House in a research note on Friday, April 24th. Wall Street Zen upgraded Brag House from a “strong sell” rating to a “sell” rating in a research note on Sunday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Brag House stock. Millennium Management LLC purchased a new stake in Brag House Holdings, Inc. (NASDAQ:TBH) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 172,718 shares of the company’s stock, valued at approximately $69,000. Millennium Management LLC owned about 0.82% of Brag House at the end of the most recent quarter.

Brag House Company Profile

Brag House offers an integrated electronic video game sports, or esports, platform designed for casual gamers and their friends to experience the fun, passion, intensity and excitement of college sports rivalries in an organic, inclusive and personalized gaming environment, while creating authentic pathway for brands to connect with our Generation Z (“Gen Z”) audience. The vision for Brag House began with our founders — co-founder and Chief Executive Officer Lavell Juan Malloy, II and co-founder, Chief Operating Officer and Interim Chief Financial Officer Daniel Leibovich — who recognized a need in the gaming industry for an esports platform focused on the casual college gamer.