Super League Enterprise’s (SLE) “Buy” Rating Reiterated at HC Wainwright

Super League Enterprise (NASDAQ:SLE)‘s stock had its “buy” rating reissued by HC Wainwright in a research report issued on Wednesday, Benzinga reports. They presently have a $3.00 price objective on the stock. HC Wainwright’s target price indicates a potential upside of 300.53% from the company’s current price.

Super League Enterprise Stock Up 20.4 %

Shares of NASDAQ:SLE opened at $0.75 on Wednesday. The stock has a market cap of $7.92 million, a PE ratio of -0.08 and a beta of 1.98. Super League Enterprise has a 12-month low of $0.50 and a 12-month high of $2.84. The business has a 50 day moving average of $1.05 and a 200-day moving average of $1.25.

Super League Enterprise (NASDAQ:SLE) last released its earnings results on Wednesday, August 14th. The company reported ($0.60) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.02. Super League Enterprise had a negative return on equity of 254.70% and a negative net margin of 95.78%. The company had revenue of $4.12 million for the quarter, compared to analyst estimates of $5.41 million. Equities research analysts expect that Super League Enterprise will post -1.3 earnings per share for the current year.

Insider Buying and Selling at Super League Enterprise

In other Super League Enterprise news, Director Jeff Patrick Gehl purchased 50,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were purchased at an average cost of $1.11 per share, with a total value of $55,500.00. Following the completion of the purchase, the director now owns 106,547 shares in the company, valued at $118,267.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Super League Enterprise

A hedge fund recently bought a new stake in Super League Enterprise stock. Murchinson Ltd. bought a new position in shares of Super League Enterprise, Inc. (NASDAQ:SLE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned approximately 3.84% of Super League Enterprise at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.06% of the company’s stock.

About Super League Enterprise

Super League Enterprise, Inc builds and operates networks of games, monetization tools, and content channels across metaverse gaming platforms that empower developers, energize players, and entertain fans. The company's solutions provide access to an audience consisting of players in the metaverse environments, fans of various gaming influencers, and viewers of gameplay content across social media and digital video platforms.