Emerald Holding, Inc. (NYSE:EEX – Get Free Report)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.02 and traded as low as $5.02. Emerald shares last traded at $5.0390, with a volume of 220,030 shares traded.
Analyst Ratings Changes
EEX has been the topic of several recent analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $5.03 target price (down from $7.70) on shares of Emerald in a research report on Tuesday, May 12th. Weiss Ratings raised Emerald from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. Finally, Maxim Group lowered Emerald from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $5.03.
Get Our Latest Stock Analysis on Emerald
Emerald Price Performance
Emerald (NYSE:EEX – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The company had revenue of $155.40 million for the quarter, compared to analyst estimates of $155.40 million. Emerald had a negative return on equity of 10.81% and a negative net margin of 8.24%.
Emerald Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 21st were paid a $0.015 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. Emerald’s dividend payout ratio (DPR) is -31.58%.
Institutional Trading of Emerald
Large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Emerald by 1.0% in the 4th quarter. State Street Corp now owns 241,698 shares of the company’s stock valued at $1,080,000 after buying an additional 2,394 shares during the period. Inspire Investing LLC boosted its stake in shares of Emerald by 3.6% in the first quarter. Inspire Investing LLC now owns 110,725 shares of the company’s stock worth $499,000 after buying an additional 3,857 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Emerald by 127.0% during the fourth quarter. Russell Investments Group Ltd. now owns 6,957 shares of the company’s stock worth $31,000 after acquiring an additional 3,892 shares during the period. Goldman Sachs Group Inc. grew its holdings in Emerald by 7.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 59,062 shares of the company’s stock worth $264,000 after acquiring an additional 4,133 shares during the period. Finally, Jane Street Group LLC raised its position in Emerald by 18.1% during the second quarter. Jane Street Group LLC now owns 33,350 shares of the company’s stock valued at $162,000 after acquiring an additional 5,113 shares in the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.
Emerald Company Profile
Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.
Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.
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