Wall Street Zen Upgrades Super League Enterprise (NASDAQ:SLE) to Hold

Super League Enterprise (NASDAQ:SLE) was upgraded by Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the company. ThinkEquity started coverage on Super League Enterprise in a research report on Monday, June 29th. They set a “buy” rating on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Super League Enterprise in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Super League Enterprise has an average rating of “Hold”.

Super League Enterprise Stock Performance

Shares of Super League Enterprise stock opened at $5.30 on Friday. Super League Enterprise has a 52-week low of $2.12 and a 52-week high of $61.44. The company’s 50 day moving average price is $4.01 and its 200-day moving average price is $3.80. The stock has a market capitalization of $9.01 million, a price-to-earnings ratio of -0.13 and a beta of 1.44.

Super League Enterprise (NASDAQ:SLE) last announced 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). Super League Enterprise had a negative net margin of 185.60% and a negative return on equity of 201.00%. The firm had revenue of $3.01 million for the quarter, compared to analysts’ expectations of $3.40 million.

Institutional Trading of Super League Enterprise

A hedge fund recently bought a new stake in Super League Enterprise stock. Empery Asset Management LP acquired a new stake in shares of Super League Enterprise, Inc. (NASDAQ:SLE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,249,989 shares of the company’s stock, valued at approximately $763,000. Super League Enterprise accounts for about 0.7% of Empery Asset Management LP’s investment portfolio, making the stock its 15th largest holding. 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 currently owned by 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.