Emerald (NYSE:EEX) Earns Neutral Rating from Rosenblatt Securities

Emerald (NYSE:EEX)‘s stock had its “neutral” rating reissued by research analysts at Rosenblatt Securities in a report issued on Tuesday,Benzinga reports. They currently have a $5.03 price target on the stock, down from their previous price target of $7.70. Rosenblatt Securities’ price objective would suggest a potential upside of 0.70% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Emerald in a report on Friday, May 8th. Maxim Group cut Emerald from a “buy” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $5.03.

Emerald Trading Up 0.1%

NYSE EEX opened at $5.00 on Tuesday. The stock’s 50-day simple moving average is $4.60 and its two-hundred day simple moving average is $4.46. Emerald has a twelve month low of $3.32 and a twelve month high of $5.45. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $988.56 million, a price-to-earnings ratio of -26.29 and a beta of 0.55.

Emerald (NYSE:EEX) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Emerald had a negative return on equity of 10.81% and a negative net margin of 8.24%.The firm had revenue of $155.40 million during the quarter, compared to analysts’ expectations of $155.40 million.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EEX. Cubist Systematic Strategies LLC purchased a new position in shares of Emerald in the first quarter worth about $116,000. XTX Topco Ltd grew its stake in shares of Emerald by 103.7% in the second quarter. XTX Topco Ltd now owns 30,127 shares of the company’s stock worth $146,000 after purchasing an additional 15,339 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Emerald by 18.1% in the second quarter. Jane Street Group LLC now owns 33,350 shares of the company’s stock worth $162,000 after purchasing an additional 5,113 shares during the last quarter. MSD Partners L.P. grew its stake in shares of Emerald by 1.6% in the second quarter. MSD Partners L.P. now owns 1,066,638 shares of the company’s stock worth $5,173,000 after purchasing an additional 16,638 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Emerald in the third quarter worth about $31,000. Hedge funds and other institutional investors own 14.90% of the company’s stock.

Emerald Company Profile

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.