Zacks Investment Research Lowers SIGNA Sports United (NYSE:SSU) to Sell

SIGNA Sports United (NYSE:SSUGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “SIGNA Sports United provide sports e-commerce and technology platform. SIGNA Sports United, formerly known as Yucaipa Acquisition Corporation, is based in BERLIN. “

Separately, Jefferies Financial Group initiated coverage on SIGNA Sports United in a report on Thursday, January 13th. They set a “buy” rating and a $11.00 target price on the stock.

Shares of SSU stock traded up $0.07 during trading hours on Wednesday, hitting $7.37. 163 shares of the company’s stock were exchanged, compared to its average volume of 25,661. The company has a 50-day moving average price of $7.72. SIGNA Sports United has a 52 week low of $6.65 and a 52 week high of $10.50.

A number of institutional investors have recently bought and sold shares of SSU. Citadel Advisors LLC acquired a new position in SIGNA Sports United in the fourth quarter valued at about $165,000. Penserra Capital Management LLC acquired a new position in SIGNA Sports United in the fourth quarter valued at about $64,000. SB Management Ltd acquired a new position in SIGNA Sports United in the fourth quarter valued at about $42,400,000. Kepos Capital LP acquired a new position in SIGNA Sports United in the fourth quarter valued at about $823,000. Finally, Blair William & Co. IL acquired a new position in SIGNA Sports United in the fourth quarter valued at about $5,082,000. Institutional investors and hedge funds own 16.15% of the company’s stock.

About SIGNA Sports United (Get Rating)

SIGNA Sports United N.V. operates online sports web shops in the European Union, Switzerland, Norway, the United Kingdom, and the United States. Its product categories include bike, tennis/racket sports, outdoor, and team sports and athleisure. The company is headquartered in Berlin, Germany.

See Also

Get a free copy of the Zacks research report on SIGNA Sports United (SSU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SIGNA Sports United Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SIGNA Sports United and related companies with MarketBeat.com's FREE daily email newsletter.