Akerna (NASDAQ:KERN) Stock Price Down 6.6%


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Akerna Corp. (NASDAQ:KERN) was down 6.6% during mid-day trading on Tuesday . The company traded as low as $5.51 and last traded at $6.36. Approximately 2,488,934 shares changed hands during trading, a decline of 46% from the average daily volume of 4,618,881 shares. The stock had previously closed at $6.81.

Separately, Alliance Global Partners boosted their target price on shares of Akerna from $8.00 to $10.50 and gave the company a “buy” rating in a research report on Friday, February 5th.

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average is $6.51 and its 200-day moving average is $4.75. The company has a market capitalization of $137.36 million, a price-to-earnings ratio of -4.16 and a beta of 3.04.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning increased its holdings in Akerna by 1.1% in the fourth quarter. Creative Planning now owns 372,163 shares of the company’s stock valued at $1,206,000 after buying an additional 4,015 shares in the last quarter. American International Group Inc. increased its holdings in Akerna by 87.9% in the fourth quarter. American International Group Inc. now owns 10,087 shares of the company’s stock valued at $33,000 after buying an additional 4,720 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in Akerna by 100.0% in the third quarter. Apollon Wealth Management LLC now owns 10,000 shares of the company’s stock valued at $36,000 after buying an additional 5,000 shares in the last quarter. Bank of America Corp DE increased its holdings in Akerna by 2,501.6% in the second quarter. Bank of America Corp DE now owns 6,426 shares of the company’s stock valued at $57,000 after buying an additional 6,179 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings in Akerna by 55.8% in the fourth quarter. Penserra Capital Management LLC now owns 31,718 shares of the company’s stock valued at $102,000 after buying an additional 11,362 shares in the last quarter. 8.82% of the stock is owned by institutional investors.

Akerna Company Profile (NASDAQ:KERN)

Akerna Corp. operates as a technology company. The company offers MJ Platform, an enterprise resource planning system to the cannabis industry; and Leaf Data Systems, a tracking system designed for government agencies. It also provides consulting services to cannabis industry; business intelligence, an infrastructure as a service tool, which delivers supply chain analytics for the cannabis, hemp, and CBD industries; and Last Call Analytics, a subscription analytics tool for alcohol brands to analyze their retail sales analytics.

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