Emerald (NYSE:EEX) Receives “Buy” Rating from Rosenblatt Securities

Emerald (NYSE:EEX)‘s stock had its “buy” rating reiterated by research analysts at Rosenblatt Securities in a report released on Monday,Benzinga reports. They currently have a $7.70 target price on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 73.23% from the stock’s previous close.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Emerald in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.70.

Emerald Stock Up 9.2%

Shares of NYSE:EEX traded up $0.38 during trading on Monday, reaching $4.45. 24,936 shares of the stock were exchanged, compared to its average volume of 38,774. The firm has a market cap of $879.27 million, a price-to-earnings ratio of -29.63 and a beta of 0.63. The stock has a fifty day moving average of $4.64 and a two-hundred day moving average of $4.55. 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 has a 1-year low of $3.21 and a 1-year high of $5.45.

Emerald (NYSE:EEX) last posted its earnings results on Friday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.19). Emerald had a negative net margin of 6.62% and a negative return on equity of 8.00%. The company had revenue of $132.70 million during the quarter, compared to the consensus estimate of $131.00 million.

Institutional Investors Weigh In On Emerald

Several hedge funds have recently bought and sold shares of EEX. State Street Corp lifted its stake in shares of Emerald by 1.0% in the fourth quarter. State Street Corp now owns 241,698 shares of the company’s stock worth $1,080,000 after buying an additional 2,394 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Emerald by 127.0% in the 4th quarter. Russell Investments Group Ltd. now owns 6,957 shares of the company’s stock worth $31,000 after purchasing an additional 3,892 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Emerald by 7.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 59,062 shares of the company’s stock worth $264,000 after acquiring an additional 4,133 shares during the last quarter. Jane Street Group LLC lifted its position in Emerald by 18.1% during the second quarter. Jane Street Group LLC now owns 33,350 shares of the company’s stock valued at $162,000 after purchasing an additional 5,113 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Emerald during the 3rd quarter worth approximately $31,000. Institutional investors own 14.90% of the company’s stock.

About Emerald

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.