Wall Street Zen Downgrades Emerald (NYSE:EEX) to Hold

Emerald (NYSE:EEX) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

EEX has been the topic of a number of other research reports. Weiss Ratings lowered shares of Emerald from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. Rosenblatt Securities decreased their price target on Emerald from $7.90 to $7.70 and set a “buy” rating on the stock in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Emerald presently has a consensus rating of “Hold” and an average target price of $7.70.

Emerald Stock Down 0.5%

Emerald stock opened at $4.04 on Friday. The stock’s 50 day moving average price is $4.83 and its 200 day moving average price is $4.82. Emerald has a 1-year low of $3.21 and a 1-year high of $5.45. The company has a market cap of $799.15 million, a PE ratio of 134.68 and a beta of 1.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.81 and a quick ratio of 0.81.

Emerald (NYSE:EEX) last issued its earnings results on Friday, October 31st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Emerald had a return on equity of 1.20% and a net margin of 1.05%.The company had revenue of $77.50 million for the quarter, compared to analysts’ expectations of $76.80 million. Emerald has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Emerald

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in Emerald in the 3rd quarter worth approximately $31,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Emerald during the second quarter worth approximately $33,000. Vontobel Holding Ltd. acquired a new stake in Emerald in the second quarter worth approximately $61,000. Copeland Capital Management LLC boosted its stake in Emerald by 16.4% during the 2nd quarter. Copeland Capital Management LLC now owns 19,328 shares of the company’s stock valued at $94,000 after purchasing an additional 2,718 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Emerald in the 1st quarter worth $78,000. 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.