FaZe (FAZE) Set to Announce Quarterly Earnings on Monday

FaZe (NASDAQ:FAZE – Get Rating) is scheduled to be announcing its earnings results after the market closes on Monday, May 15th.

FaZe Trading Up 3.9 %

NASDAQ FAZE opened at $0.51 on Friday. The stock has a 50-day simple moving average of $0.50 and a two-hundred day simple moving average of $1.28. FaZe has a fifty-two week low of $0.37 and a fifty-two week high of $24.69.

Hedge Funds Weigh In On FaZe

A number of institutional investors have recently modified their holdings of FAZE. Millennium Management LLC increased its stake in shares of FaZe by 114.7% in the 4th quarter. Millennium Management LLC now owns 54,499 shares of the company’s stock valued at $101,000 after purchasing an additional 425,510 shares in the last quarter. Vanguard Group Inc. purchased a new position in shares of FaZe in the 3rd quarter valued at about $3,401,000. BlackRock Inc. purchased a new position in shares of FaZe in the 3rd quarter valued at about $3,225,000. CIBC Asset Management Inc purchased a new position in shares of FaZe in the 1st quarter valued at about $45,000. Finally, State Street Corp purchased a new position in shares of FaZe in the 3rd quarter valued at about $708,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

About FaZe

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FaZe Holdings Inc operates lifestyle and media platform in gaming and youth culture. The company produces content, designs merchandise and consumer products, and creates advertising and sponsorship programs for brands reaching approximately 500 million fans across social platforms. It delivers various entertainment spanning video blogs, lifestyle and branded content, gaming highlights, and live streams of competitive gaming tournaments.