Super League Enterprise’s (SLE) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Super League Enterprise (NASDAQ:SLE) in a report issued on Thursday morning, Benzinga reports. The firm currently has a $3.00 price objective on the stock.

Super League Enterprise Price Performance

Shares of NASDAQ:SLE traded up $0.01 during mid-day trading on Thursday, reaching $1.12. 15,577 shares of the company traded hands, compared to its average volume of 73,500. The company’s 50 day moving average price is $1.06 and its 200-day moving average price is $1.56. The firm has a market cap of $8.01 million, a PE ratio of -0.13 and a beta of 2.04. Super League Enterprise has a 52 week low of $0.75 and a 52 week high of $7.65.

Super League Enterprise (NASDAQ:SLE) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($1.00) earnings per share for the quarter, beating the consensus estimate of ($1.18) by $0.18. The business had revenue of $4.21 million for the quarter, compared to the consensus estimate of $4.30 million. Super League Enterprise had a negative net margin of 109.20% and a negative return on equity of 228.35%. On average, research analysts predict that Super League Enterprise will post -1.9 earnings per share for the current fiscal year.

Insider Activity at Super League Enterprise

In other Super League Enterprise news, Director Jeff Patrick Gehl acquired 25,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was purchased at an average price of $1.37 per share, with a total value of $34,250.00. Following the completion of the purchase, the director now directly owns 131,547 shares in the company, valued at approximately $180,219.39. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Super League Enterprise

A hedge fund recently bought a new stake in Super League Enterprise stock. Murchinson Ltd. bought a new position in Super League Enterprise, Inc. (NASDAQ:SLE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned approximately 3.84% of Super League Enterprise at the end of the most recent quarter. Hedge funds and other institutional investors own 2.06% of the company’s stock.

About Super League Enterprise

Super League Enterprise, Inc builds and operates networks of games, monetization tools, and content channels across metaverse gaming platforms that empower developers, energize players, and entertain fans. The company's solutions provide access to an audience consisting of players in the metaverse environments, fans of various gaming influencers, and viewers of gameplay content across social media and digital video platforms.