Wall Street Zen Upgrades Brera (NASDAQ:SLMT) to “Sell”

Brera (NASDAQ:SLMT) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brera in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Brera currently has a consensus rating of “Sell”.

Brera Stock Performance

Brera stock opened at $4.28 on Friday. Brera has a 1 year low of $3.61 and a 1 year high of $529.50. The firm’s 50 day moving average price is $4.77 and its two-hundred day moving average price is $52.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.50 and a current ratio of 3.50.

Institutional Investors Weigh In On Brera

A number of large investors have recently made changes to their positions in SLMT. ARK Investment Management LLC acquired a new stake in shares of Brera during the fourth quarter valued at approximately $16,998,000. Electric Capital Partners LLC purchased a new position in Brera during the 4th quarter worth approximately $12,155,000. Anatole Investment Management Ltd acquired a new stake in Brera during the 4th quarter valued at $10,389,000. Alyeska Investment Group L.P. purchased a new stake in shares of Brera in the fourth quarter valued at $5,293,000. Finally, Arrington Capital Management LLC acquired a new stake in shares of Brera in the fourth quarter worth $2,055,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

Brera Company Profile

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.