Emerald (NYSE:EEX) Given Buy Rating at Rosenblatt Securities

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

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Emerald in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Emerald presently has a consensus 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 mid-day trading on Monday, reaching $4.45. 24,936 shares of the company were exchanged, compared to its average volume of 38,774. The stock has a market cap of $879.27 million, a price-to-earnings ratio of -29.63 and a beta of 0.63. The firm has a 50-day moving average of $4.64 and a 200 day moving average of $4.55. Emerald has a 1 year low of $3.21 and a 1 year high of $5.45. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.35.

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

Hedge Funds Weigh In On Emerald

Institutional investors have recently modified their holdings of the business. State Street Corp boosted its stake in shares of Emerald by 1.0% in the 4th quarter. State Street Corp now owns 241,698 shares of the company’s stock valued at $1,080,000 after buying an additional 2,394 shares during the period. Russell Investments Group Ltd. grew its position 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 valued at $31,000 after buying an additional 3,892 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Emerald by 7.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 59,062 shares of the company’s stock worth $264,000 after purchasing an additional 4,133 shares during the last quarter. Jane Street Group LLC increased 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 worth $162,000 after buying an additional 5,113 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Emerald in the 3rd quarter valued at $31,000. Institutional investors and hedge funds 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.