HC Wainwright Brokers Lower Earnings Estimates for Akerna Corp. (NASDAQ:KERN)

Akerna Corp. (NASDAQ:KERNGet Rating) – HC Wainwright decreased their FY2022 EPS estimates for shares of Akerna in a report issued on Wednesday, November 16th. HC Wainwright analyst S. Buck now anticipates that the company will earn ($3.03) per share for the year, down from their previous forecast of $2.20. HC Wainwright currently has a “Neutral” rating on the stock. The consensus estimate for Akerna’s current full-year earnings is $2.20 per share. HC Wainwright also issued estimates for Akerna’s Q4 2022 earnings at ($0.71) EPS and FY2023 earnings at ($1.95) EPS.

Akerna Stock Performance

Shares of NASDAQ KERN opened at $1.08 on Friday. The company’s fifty day moving average price is $0.31 and its 200 day moving average price is $0.28. Akerna has a 1 year low of $1.06 and a 1 year high of $56.00. The company has a market capitalization of $4.34 million, a PE ratio of -0.02 and a beta of 2.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.41 and a current ratio of 0.66.

Institutional Trading of Akerna

A number of hedge funds have recently added to or reduced their stakes in KERN. Perkins Capital Management Inc. purchased a new stake in Akerna during the second quarter worth $300,000. Vanguard Group Inc. boosted its holdings in Akerna by 178.5% during the third quarter. Vanguard Group Inc. now owns 2,271,852 shares of the company’s stock worth $204,000 after buying an additional 1,455,966 shares in the last quarter. Walleye Capital LLC purchased a new stake in Akerna during the second quarter worth $193,000. BlackRock Inc. boosted its holdings in Akerna by 342.6% during the third quarter. BlackRock Inc. now owns 1,023,825 shares of the company’s stock worth $92,000 after buying an additional 792,521 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Akerna by 111.7% during the third quarter. Renaissance Technologies LLC now owns 580,823 shares of the company’s stock worth $52,000 after buying an additional 306,523 shares in the last quarter. 12.67% of the stock is owned by hedge funds and other institutional investors.

Akerna Company Profile

(Get Rating)

Akerna Corp. provides enterprise software solutions that enable regulatory compliance and inventory management in United States and Canada. The company offers MJ Platform for the cannabis, hemp, and CBD industry; and Leaf Data Systems, a government regulatory software. It also provides consulting services to cannabis industry; business intelligence, data analytics and other software related services; and Last Call Analytics, a tool for alcohol brands to analyze their retail sales analytics.

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