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

Wall Street Zen upgraded shares of Super League Enterprise (NASDAQ:SLE) to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently commented on the stock. ThinkEquity initiated coverage on shares of Super League Enterprise in a research report on Monday, June 29th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Super League Enterprise in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Super League Enterprise Price Performance

Shares of SLE stock opened at $5.30 on Friday. The stock’s 50-day moving average is $4.01 and its 200 day moving average is $3.80. Super League Enterprise has a 1-year low of $2.12 and a 1-year high of $61.44. The company has a market cap of $9.01 million, a P/E ratio of -0.13 and a beta of 1.44.

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

Hedge Funds Weigh In On Super League Enterprise

A hedge fund recently bought a new stake in Super League Enterprise stock. Empery Asset Management LP bought a new position in Super League Enterprise, Inc. (NASDAQ:SLE) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,249,989 shares of the company’s stock, valued at approximately $763,000. Super League Enterprise makes up 0.7% of Empery Asset Management LP’s investment portfolio, making the stock its 15th largest position. Empery Asset Management LP owned 148.99% of Super League Enterprise as of its most recent filing with the SEC. Institutional investors and hedge funds own 2.06% of the company’s stock.

Super League Enterprise Company Profile

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.