Super League Enterprise (NASDAQ:SLE) Stock Price Down 2.2% – Here’s What Happened

Super League Enterprise, Inc. (NASDAQ:SLE) traded down 2.2% on Friday. The stock traded as low as $5.21 and last traded at $5.30. 60,009 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 277,143 shares. The stock had previously closed at $5.42.

Analyst Ratings Changes

SLE has been the topic of a number of research analyst reports. ThinkEquity began coverage on Super League Enterprise in a research note on Monday, June 29th. They set a “buy” rating on the stock. Wall Street Zen raised shares of Super League Enterprise to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Super League Enterprise Stock Performance

The company has a market cap of $9.01 million, a PE ratio of -0.13 and a beta of 1.44. The stock has a 50 day moving average of $4.01 and a 200-day moving average of $3.80.

Super League Enterprise (NASDAQ:SLE) last posted its quarterly earnings results on Friday, August 14th. The company reported ($2.70) earnings per share for the quarter, missing the consensus estimate of ($1.42) by ($1.28). The firm had revenue of $3.01 million for the quarter, compared to analysts’ expectations of $3.40 million. Super League Enterprise had a negative net margin of 185.60% and a negative return on equity of 201.00%.

Institutional Investors Weigh In On Super League Enterprise

An institutional investor recently bought a new position in Super League Enterprise stock. Empery Asset Management LP purchased a new position in Super League Enterprise, Inc. (NASDAQ:SLE) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,249,989 shares of the company’s stock, valued at approximately $763,000. Super League Enterprise accounts for approximately 0.7% of Empery Asset Management LP’s holdings, making the stock its 15th biggest position. Empery Asset Management LP owned about 148.99% of Super League Enterprise at the end of the most recent reporting period. 2.06% of the stock is owned by hedge funds and other institutional investors.

About Super League Enterprise

Super League Enterprise, Inc (NASDAQ: SLE) is a digital entertainment and media company that develops and operates interactive experiences across popular online gaming and metaverse platforms. Its activities are centered on connecting brands, creators and audiences through playable content, virtual events and community-focused digital experiences.

The company’s offerings have included branded games, immersive virtual worlds, esports and gaming events, livestreamed and short-form video content, and tools that support audience engagement and digital advertising.