Maxim Group Has Lowered Expectations for Emerald (NYSE:EEX) Stock Price

Emerald (NYSE:EEX - Get Free Report) had its price objective decreased by Maxim Group from $11.00 to $8.00 in a report issued on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. Maxim Group's price objective indicates a potential upside of 100.00% from the stock's previous close.

Separately, Rosenblatt Securities cut their price target on shares of Emerald from $8.40 to $7.80 and set a "buy" rating on the stock in a research report on Thursday.

Emerald Stock Performance

EEX stock traded down $0.11 on Thursday, reaching $4.00. 116,009 shares of the company were exchanged, compared to its average volume of 155,295. The firm has a market capitalization of $815.35 million, a PE ratio of -5.37 and a beta of 1.36. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.34 and a quick ratio of 1.34. The stock's fifty day moving average price is $4.88 and its 200 day moving average price is $5.43. Emerald has a 12 month low of $3.96 and a 12 month high of $7.05.

Emerald (NYSE:EEX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.13. The firm had revenue of $86.00 million for the quarter. Emerald had a net margin of 0.25% and a return on equity of 3.53%.

Institutional Trading of Emerald

A number of hedge funds and other institutional investors have recently made changes to their positions in EEX. SG Americas Securities LLC bought a new position in shares of Emerald in the third quarter valued at $53,000. Thrivent Financial for Lutherans raised its stake in Emerald by 17.8% in the second quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company's stock valued at $719,000 after purchasing an additional 19,156 shares in the last quarter. Renaissance Technologies LLC raised its stake in Emerald by 9.0% in the second quarter. Renaissance Technologies LLC now owns 195,357 shares of the company's stock valued at $1,112,000 after purchasing an additional 16,200 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Emerald by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company's stock valued at $1,531,000 after purchasing an additional 2,624 shares in the last quarter. Finally, FFT Wealth Management LLC acquired a new position in Emerald during the second quarter worth about $532,000. 14.90% of the stock is currently owned by institutional investors and hedge funds.

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.

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