Akerna (NASDAQ:KERN) Stock Price Down 5.5%

Akerna Corp. (NASDAQ:KERN) shares traded down 5.5% during mid-day trading on Thursday . The stock traded as low as $0.23 and last traded at $0.28. 427,155 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 407,618 shares. The stock had previously closed at $0.30.

Akerna Trading Down 5.5 %

The business has a 50-day moving average price of $0.26 and a two-hundred day moving average price of $0.51. The stock has a market capitalization of $2.21 million, a P/E ratio of -0.04 and a beta of 2.76.

Akerna (NASDAQ:KERN) last released its earnings results on Monday, August 14th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.20). The company had revenue of $2.29 million for the quarter, compared to the consensus estimate of $2.66 million. Akerna had a negative net margin of 251.68% and a negative return on equity of 475.50%. On average, sell-side analysts forecast that Akerna Corp. will post -1.52 earnings per share for the current fiscal year.

Institutional Trading of Akerna

Several institutional investors and hedge funds have recently modified their holdings of the business. K2 Principal Fund L.P. bought a new stake in shares of Akerna during the 1st quarter worth $39,000. Vanguard Group Inc. lifted its position in shares of Akerna by 178.5% during the 3rd 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 during the last quarter. BlackRock Inc. lifted its position in shares of Akerna by 342.6% during the 3rd quarter. BlackRock Inc. now owns 1,023,825 shares of the company’s stock worth $92,000 after buying an additional 792,521 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Akerna by 111.7% during the 3rd quarter. Renaissance Technologies LLC now owns 580,823 shares of the company’s stock worth $52,000 after buying an additional 306,523 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Akerna during the 2nd quarter worth $193,000. 21.97% of the stock is currently owned by institutional investors.

Akerna Company Profile

Akerna Corp. provides enterprise software solutions that enable regulatory compliance and inventory management in the 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 retail analytics platform.