Emerald (NYSE:EEX) Shares Up 9.2% - Time to Buy?

Shares of Emerald Holding, Inc. (NYSE:EEX - Get Free Report) traded up 9.2% during mid-day trading on Friday . The stock traded as high as $3.98 and last traded at $3.99. 104,253 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 171,630 shares. The stock had previously closed at $3.65.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reaffirmed a "buy" rating and issued a $7.80 target price on shares of Emerald in a report on Thursday, March 13th.

Emerald Price Performance

The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average price of $4.37 and a 200-day moving average price of $4.63. The stock has a market capitalization of $878.92 million, a P/E ratio of -8.02 and a beta of 1.31.

Emerald (NYSE:EEX - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%. The company had revenue of $106.80 million for the quarter, compared to analysts' expectations of $108.05 million.

Emerald Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.015 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.06 annualized dividend and a yield of 1.39%. Emerald's payout ratio is currently -11.11%.

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Institutional Investors Weigh In On Emerald

Several large investors have recently added to or reduced their stakes in EEX. Raymond James Financial Inc. bought a new stake in Emerald during the fourth quarter worth approximately $2,970,000. MSD Partners L.P. purchased a new position in shares of Emerald during the fourth quarter valued at approximately $2,410,000. Bank of New York Mellon Corp boosted its position in shares of Emerald by 721.6% during the fourth quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company's stock valued at $2,334,000 after buying an additional 425,207 shares during the period. Jane Street Group LLC boosted its position in shares of Emerald by 1,249.7% during the third quarter. Jane Street Group LLC now owns 352,566 shares of the company's stock valued at $1,759,000 after buying an additional 326,445 shares during the period. Finally, Advisory Research Inc. boosted its position in shares of Emerald by 15.4% during the fourth quarter. Advisory Research Inc. now owns 1,309,139 shares of the company's stock valued at $6,310,000 after buying an additional 175,000 shares during the period. 14.90% of the stock is owned by institutional investors.

Emerald Company Profile

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.