Emerald (NYSE:EEX) Lowered to Hold Rating by Wall Street Zen

Emerald (NYSE:EEX) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Rosenblatt Securities reaffirmed a “buy” rating and issued a $7.80 target price on shares of Emerald in a research note on Friday, May 2nd.

Emerald Stock Down 3.2%

Shares of NYSE EEX opened at $4.80 on Friday. The firm has a market capitalization of $950.26 million, a PE ratio of 96.00 and a beta of 1.16. The company has a current ratio of 1.05, a quick ratio of 1.59 and a debt-to-equity ratio of 1.29. Emerald has a 1 year low of $3.21 and a 1 year high of $6.65. The firm’s 50-day moving average is $4.95 and its 200-day moving average is $4.43.

Emerald (NYSE:EEX) last issued its earnings results on Monday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $105.50 million during the quarter, compared to the consensus estimate of $100.40 million. Emerald had a net margin of 1.83% and a return on equity of 2.03%. During the same period last year, the business posted ($0.02) EPS.

Hedge Funds Weigh In On Emerald

Several institutional investors have recently modified their holdings of EEX. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Emerald during the 2nd quarter worth about $33,000. Vontobel Holding Ltd. acquired a new position in shares of Emerald during the 2nd quarter worth about $61,000. Two Sigma Securities LLC acquired a new position in shares of Emerald during the 4th quarter worth about $62,000. Copeland Capital Management LLC grew its position in shares of Emerald by 40.5% during the 1st quarter. Copeland Capital Management LLC now owns 16,610 shares of the company’s stock worth $65,000 after buying an additional 4,784 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Emerald in the 4th quarter valued at approximately $69,000. 14.90% of the stock is currently owned by institutional investors and hedge funds.

About Emerald

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.