Emerald (NYSE:EEX) Price Target Raised to $7.90

Emerald (NYSE:EEX) had its price objective boosted by Rosenblatt Securities from $7.80 to $7.90 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Wall Street Zen downgraded shares of Emerald from a “buy” rating to a “hold” rating in a report on Saturday, August 9th.

Emerald Stock Performance

EEX stock opened at $4.93 on Thursday. Emerald has a one year low of $3.21 and a one year high of $6.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $975.99 million, a price-to-earnings ratio of 98.60 and a beta of 1.16. The firm has a 50-day simple moving average of $4.97 and a two-hundred day simple moving average of $4.44.

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

Emerald Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be given a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 14th. Emerald’s dividend payout ratio is currently 120.00%.

Institutional Investors Weigh In On Emerald

Several hedge funds have recently bought and sold shares of EEX. Geode Capital Management LLC boosted its position in Emerald by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 394,834 shares of the company’s stock worth $1,903,000 after purchasing an additional 3,430 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Emerald in the 4th quarter worth approximately $2,970,000. Barclays PLC boosted its position in Emerald by 64.0% in the 4th quarter. Barclays PLC now owns 36,041 shares of the company’s stock worth $173,000 after purchasing an additional 14,064 shares in the last quarter. XTX Topco Ltd purchased a new stake in Emerald in the 4th quarter worth approximately $69,000. Finally, Advisory Research Inc. lifted its position in shares of Emerald by 15.4% during the 4th quarter. Advisory Research Inc. now owns 1,309,139 shares of the company’s stock valued at $6,310,000 after buying an additional 175,000 shares in the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.

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.