Super League Gaming, Inc. (NASDAQ:SLGG) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,080,000 shares, a decline of 22.9% from the March 31st total of 1,400,000 shares. Based on an average daily volume of 9,730,000 shares, the short-interest ratio is currently 0.1 days.
In other Super League Gaming news, Director Michael R. Keller acquired 17,000 shares of the company’s stock in a transaction dated Monday, April 12th. The stock was purchased at an average price of $6.06 per share, with a total value of $103,020.00. Following the completion of the purchase, the director now directly owns 41,799 shares in the company, valued at approximately $253,301.94. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mesirow Financial Investment Management Inc. raised its holdings in shares of Super League Gaming by 75.0% in the first quarter. Mesirow Financial Investment Management Inc. now owns 6,054 shares of the company’s stock worth $43,000 after buying an additional 2,594 shares during the period. Creative Planning purchased a new stake in shares of Super League Gaming in the first quarter worth approximately $74,000. Golden Green Inc. purchased a new stake in shares of Super League Gaming in the first quarter worth approximately $220,000. Finally, Virtu Financial LLC purchased a new position in Super League Gaming during the 3rd quarter worth $155,000. Hedge funds and other institutional investors own 4.65% of the company’s stock.
A number of equities analysts have recently weighed in on SLGG shares. Maxim Group started coverage on Super League Gaming in a research note on Monday, March 1st. They issued a “buy” rating and a $6.00 price objective for the company. Alliance Global Partners lowered Super League Gaming from a “buy” rating to a “neutral” rating and dropped their price target for the company from $5.00 to $4.50 in a research note on Tuesday, February 9th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $4.50.
Shares of NASDAQ SLGG traded down $0.26 during midday trading on Tuesday, hitting $4.95. The company’s stock had a trading volume of 1,034,565 shares, compared to its average volume of 7,829,259. The business’s 50 day moving average is $6.73 and its two-hundred day moving average is $3.88. Super League Gaming has a 12-month low of $1.63 and a 12-month high of $11.20. The firm has a market cap of $106.96 million, a P/E ratio of -2.39 and a beta of 0.95.
Super League Gaming (NASDAQ:SLGG) last issued its quarterly earnings results on Thursday, March 11th. The company reported ($0.28) earnings per share for the quarter, hitting the consensus estimate of ($0.28). The business had revenue of $0.78 million during the quarter.
Super League Gaming Company Profile
Super League Gaming, Inc operates a video gaming and esports entertainment platform for everyday players in the United States. The company offers Minehut, a social and gaming portal for the avid Minecraft players; Framerate, a social video network in gaming; SLG.TV that provides esports competitions and entertainment programming following the leagues, the teams, and players; Virtualis Studios, a virtual production studio, which offers solutions for video, television, and branded content; and City Clubs that aggregates gamers and creators across different genres of games, ages, and skill levels for digital and physical competitions.
See Also: What factors cause inflation to rise?
Receive News & Ratings for Super League Gaming Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Super League Gaming and related companies with MarketBeat.com's FREE daily email newsletter.