FY2021 EPS Estimates for Allied Esports Entertainment Inc. Boosted by Analyst (NASDAQ:AESE)

Allied Esports Entertainment Inc. (NASDAQ:AESE) – Equities researchers at Colliers Securities increased their FY2021 earnings estimates for Allied Esports Entertainment in a research report issued on Tuesday, November 23rd. Colliers Securities analyst D. Soderberg now expects that the company will earn ($0.40) per share for the year, up from their previous estimate of ($0.52).

Allied Esports Entertainment (NASDAQ:AESE) last released its quarterly earnings data on Monday, November 22nd. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.06). During the same quarter in the previous year, the company posted ($0.22) earnings per share.

Separately, Zacks Investment Research raised Allied Esports Entertainment from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research report on Thursday.

Shares of NASDAQ:AESE opened at $1.89 on Thursday. Allied Esports Entertainment has a 12-month low of $0.96 and a 12-month high of $4.31. The business’s 50 day moving average is $1.86 and its 200 day moving average is $2.05.

In other Allied Esports Entertainment news, major shareholder Knighted Pastures Llc acquired 64,464 shares of the business’s stock in a transaction on Monday, November 1st. The shares were acquired at an average price of $1.83 per share, with a total value of $117,969.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Adam J. Pliska sold 106,143 shares of the business’s stock in a transaction on Thursday, November 4th. The stock was sold at an average price of $1.93, for a total value of $204,855.99. The disclosure for this sale can be found here. 41.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. HRT Financial LP bought a new stake in shares of Allied Esports Entertainment in the first quarter valued at $43,000. Bank of New York Mellon Corp bought a new stake in shares of Allied Esports Entertainment during the 1st quarter valued at $58,000. Cowen Investment Management LLC bought a new stake in shares of Allied Esports Entertainment during the 2nd quarter valued at $178,000. Citadel Advisors LLC raised its stake in shares of Allied Esports Entertainment by 141.3% during the 1st quarter. Citadel Advisors LLC now owns 94,085 shares of the company’s stock valued at $271,000 after purchasing an additional 55,100 shares during the period. Finally, State Street Corp bought a new stake in shares of Allied Esports Entertainment during the 2nd quarter valued at $268,000. Hedge funds and other institutional investors own 3.70% of the company’s stock.

Allied Esports Entertainment Company Profile

Allied Esports Entertainment, Inc is an esports entertainment company, which engages in the creation of esports venues and live events for both video games and poker. It operates through the following segments: Poker, gaming & entertainment and E-sports. The Poker, gaming & entertainment segment provides televised gaming and entertainment, land-based poker tournaments, online and mobile poker applications through World Poker Tour (WPT).

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