Super League Gaming (NASDAQ:SLGG) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Super League Gaming (NASDAQ:SLGGGet Rating) announced its quarterly earnings data on Monday. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.07, MarketWatch Earnings reports. During the same quarter last year, the business posted ($0.23) EPS.

Shares of SLGG traded down $0.01 on Tuesday, reaching $1.26. The company’s stock had a trading volume of 4,422 shares, compared to its average volume of 173,977. Super League Gaming has a twelve month low of $0.98 and a twelve month high of $6.33. The stock has a market capitalization of $48.56 million, a PE ratio of -1.79 and a beta of 1.27. The firm has a fifty day moving average of $1.70 and a 200-day moving average of $2.28.

SLGG has been the topic of several research reports. Zacks Investment Research lowered shares of Super League Gaming from a “buy” rating to a “hold” rating in a report on Saturday, March 19th. Maxim Group restated a “buy” rating and issued a $8.00 target price on shares of Super League Gaming in a report on Friday, February 11th. Finally, HC Wainwright restated a “buy” rating and issued a $4.00 target price on shares of Super League Gaming in a report on Tuesday.

A number of hedge funds have recently modified their holdings of the business. State Street Corp grew its position in Super League Gaming by 9.3% in the 1st quarter. State Street Corp now owns 96,662 shares of the company’s stock worth $182,000 after purchasing an additional 8,198 shares in the last quarter. Renaissance Technologies LLC grew its position in Super League Gaming by 23.3% in the 1st quarter. Renaissance Technologies LLC now owns 277,780 shares of the company’s stock worth $522,000 after purchasing an additional 52,576 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Super League Gaming by 7.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 147,500 shares of the company’s stock worth $277,000 after purchasing an additional 9,760 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Super League Gaming in the 4th quarter worth about $25,000. Finally, Virtu Financial LLC grew its position in Super League Gaming by 133.9% in the 4th quarter. Virtu Financial LLC now owns 74,170 shares of the company’s stock worth $175,000 after purchasing an additional 42,461 shares in the last quarter. 13.13% of the stock is owned by institutional investors and hedge funds.

Super League Gaming Company Profile (Get Rating)

Super League Gaming, Inc builds and operates networks of games, monetization tools, and content channels across metaverse gaming platforms that empower developers, energize players, and entertain fans. The company's solutions provide access to an audience consisting of players in the metaverse environments, fans of various gaming influencers, and viewers of gameplay content across social media and digital video platforms.

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Earnings History for Super League Gaming (NASDAQ:SLGG)

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