Brera (NASDAQ:SLMT) Shares Down 2.4% – Here’s Why

Brera Holdings PLC (NASDAQ:SLMT)’s stock price traded down 2.4% on Thursday . The stock traded as low as $0.8269 and last traded at $0.8394. 287,376 shares traded hands during trading, a decline of 34% from the average session volume of 436,917 shares. The stock had previously closed at $0.86.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Brera in a report on Friday, April 10th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Brera Trading Down 2.4%

The firm has a fifty day moving average price of $0.98.

Institutional Investors Weigh In On Brera

A number of hedge funds and other institutional investors have recently modified their holdings of the company. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Brera during the fourth quarter worth about $312,000. PEAK6 LLC acquired a new stake in shares of Brera in the fourth quarter worth approximately $93,000. Aristides Capital LLC acquired a new stake in shares of Brera in the fourth quarter worth approximately $166,000. XTX Topco Ltd acquired a new stake in shares of Brera in the fourth quarter worth approximately $161,000. Finally, Millennium Management LLC acquired a new stake in shares of Brera in the fourth quarter worth approximately $41,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

About Brera

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.