Brera (NASDAQ:BREA) Stock Price Down 1.7% – Should You Sell?

Brera Holdings PLC (NASDAQ:BREA)’s stock price dropped 1.7% on Thursday . The company traded as low as $1.61 and last traded at $1.71. Approximately 1,025,147 shares traded hands during trading, a decline of 68% from the average daily volume of 3,178,253 shares. The stock had previously closed at $1.74.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Brera in a research report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Brera Trading Down 1.7%

The firm has a fifty day moving average of $2.59 and a 200-day moving average of $7.95.

Institutional Investors Weigh In On Brera

Several large investors have recently made changes to their positions in BREA. ARK Investment Management LLC bought a new position in shares of Brera in the third quarter valued at $218,389,000. Qube Research & Technologies Ltd bought a new stake in Brera during the third quarter worth $195,889,000. Anatole Investment Management Ltd acquired a new stake in Brera in the third quarter valued at $166,667,000. Alyeska Investment Group L.P. bought a new position in shares of Brera in the 3rd quarter valued at about $155,605,000. Finally, Anson Funds Management LP bought a new position in shares of Brera in the 3rd quarter valued at about $66,667,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

About Brera

Brera Holdings PLC develops, manages, and operates football clubs. The company operates a football club under the Brera FC brand name. Brera Holdings PLC was founded in 2000 and is based in Dublin, Ireland.