Emerald's (EEX) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Emerald (NYSE:EEX - Free Report) in a report released on Friday, Benzinga reports. They currently have a $8.40 price objective on the stock.

Emerald Trading Up 0.3 %

Shares of NYSE:EEX traded up $0.02 during mid-day trading on Friday, reaching $4.62. The stock had a trading volume of 104,754 shares, compared to its average volume of 156,116. The firm has a market cap of $940.71 million, a PE ratio of -6.15 and a beta of 1.36. Emerald has a twelve month low of $4.00 and a twelve month high of $7.05. The firm has a 50 day simple moving average of $4.93 and a two-hundred day simple moving average of $5.49. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.98.

Emerald (NYSE:EEX - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.13. Emerald had a net margin of 0.25% and a return on equity of 3.53%. The business had revenue of $86.00 million during the quarter.

Emerald Announces Dividend

The firm also recently declared a -- dividend, which was paid on Thursday, August 29th. Investors of record on Monday, August 19th were paid a dividend of $0.015 per share. The ex-dividend date was Monday, August 19th. Emerald's payout ratio is -40.00%.

Institutional Investors Weigh In On Emerald

A number of large investors have recently modified their holdings of EEX. SG Americas Securities LLC purchased a new position in shares of Emerald during the third quarter worth approximately $53,000. Bank of New York Mellon Corp raised its position in shares of Emerald by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company's stock valued at $401,000 after purchasing an additional 3,950 shares in the last quarter. FFT Wealth Management LLC bought a new position in Emerald during the 2nd quarter worth $532,000. Thrivent Financial for Lutherans grew its stake in shares of Emerald by 17.8% in the second quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company's stock worth $719,000 after purchasing an additional 19,156 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Emerald by 9.0% during 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 during the last quarter. Hedge funds and other institutional investors own 14.90% of the company's stock.

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.