Super League Enterprise (NASDAQ:SLE) Price Target Cut to $5.00 by Analysts at Maxim Group

Super League Enterprise (NASDAQ:SLE) had its price target decreased by equities researchers at Maxim Group from $10.00 to $5.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock.

Other analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Super League Enterprise in a research report on Wednesday, October 8th. Aegis initiated coverage on Super League Enterprise in a research report on Monday, November 10th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.00.

Super League Enterprise Price Performance

Super League Enterprise stock traded up $0.02 during midday trading on Monday, hitting $0.70. 89,244 shares of the company were exchanged, compared to its average volume of 174,031. The company has a market cap of $8.08 million, a PE ratio of -0.02 and a beta of 1.85. Super League Enterprise has a fifty-two week low of $0.53 and a fifty-two week high of $33.20. The company’s fifty day moving average price is $0.95 and its 200-day moving average price is $3.03.

Super League Enterprise (NASDAQ:SLE) last posted its earnings results on Friday, November 14th. The company reported ($2.30) EPS for the quarter, topping analysts’ consensus estimates of ($2.83) by $0.53. The firm had revenue of $2.42 million for the quarter, compared to analyst estimates of $3.40 million. On average, analysts expect that Super League Enterprise will post -2.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Super League Enterprise

An institutional investor recently raised its position in Super League Enterprise stock. Bank of America Corp DE raised its holdings in shares of Super League Enterprise, Inc. (NASDAQ:SLE) by 365,800.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,977 shares of the company’s stock after purchasing an additional 10,974 shares during the period. Bank of America Corp DE owned about 0.80% of Super League Enterprise worth $49,000 as of its most recent SEC filing. 2.06% of the stock is owned by institutional investors and hedge funds.

About Super League Enterprise

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs. Its proprietary cloud-based platform offers dynamic media technology; metaverse game experience and tournament technology; and fully remote production and livestream broadcast technology.