Super League Gaming (NASDAQ:SLGG) Given “Hold” Rating at Stephens

Super League Gaming (NASDAQ:SLGG)‘s stock had its “hold” rating restated by stock analysts at Stephens in a research report issued to clients and investors on Tuesday, TipRanks reports. They presently have a $3.00 price objective on the stock. Stephens’ price target points to a potential downside of 14.04% from the stock’s previous close.

A number of other research firms also recently weighed in on SLGG. Zacks Investment Research upgraded shares of Super League Gaming from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded shares of Super League Gaming from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $11.25.

SLGG stock traded down $0.06 during mid-day trading on Tuesday, hitting $3.49. 30,834 shares of the company were exchanged, compared to its average volume of 247,467. The business has a 50 day simple moving average of $2.62 and a 200-day simple moving average of $4.65. Super League Gaming has a 1-year low of $1.85 and a 1-year high of $11.55.

Super League Gaming (NASDAQ:SLGG) last issued its quarterly earnings data on Wednesday, November 13th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.07). The business had revenue of $0.35 million for the quarter, compared to analysts’ expectations of $0.30 million. As a group, research analysts expect that Super League Gaming will post -2.62 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley acquired a new stake in shares of Super League Gaming in the second quarter valued at approximately $36,000. Tiedemann Advisors LLC acquired a new stake in shares of Super League Gaming in the third quarter valued at approximately $48,000. Creative Planning acquired a new stake in shares of Super League Gaming in the third quarter valued at approximately $53,000. BlackRock Inc. acquired a new stake in shares of Super League Gaming in the second quarter valued at approximately $60,000. Finally, Millennium Management LLC acquired a new stake in shares of Super League Gaming in the third quarter valued at approximately $65,000. Institutional investors own 12.38% of the company’s stock.

About Super League Gaming

Super League Gaming, Inc operates an esports community and content platform. The company through its platform connects a network of gamers, venues, and brand partners to enable local, social, and competitive esports that could be broadcasted through its platform. The company was formerly known as Nth Games, Inc and changed its name to Super League Gaming, Inc in July 2015.

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