Brera (NASDAQ:SLMT) Announces Earnings Results

Brera (NASDAQ:SLMT) posted its quarterly earnings results on Friday. The company reported ($91.59) earnings per share for the quarter, FiscalAI reports.

Brera Trading Down 8.6%

SLMT opened at $5.60 on Friday. Brera has a twelve month low of $5.15 and a twelve month high of $529.50. The stock’s 50-day simple moving average is $8.19.

Shares of Brera are scheduled to reverse split on the morning of Friday, May 29th. The 1-10 reverse split was announced on Tuesday, April 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, May 28th.

Hedge Funds Weigh In On Brera

A number of institutional investors have recently bought and sold shares of SLMT. ARK Investment Management LLC purchased a new position in Brera during the fourth quarter worth about $16,998,000. Electric Capital Partners LLC purchased a new position in Brera during the fourth quarter worth about $12,155,000. Anatole Investment Management Ltd purchased a new position in Brera during the fourth quarter worth about $10,389,000. Alyeska Investment Group L.P. purchased a new position in Brera during the fourth quarter worth about $5,293,000. Finally, Arrington Capital Management LLC purchased a new position in Brera during the fourth quarter worth about $2,055,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Brera in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Brera presently has an average rating of “Sell”.

About Brera

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.