Brera (NASDAQ:BREA) Shares Down 1.7% – What’s Next?

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

Wall Street Analyst Weigh In

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

Brera Stock Performance

The business’s 50-day moving average price is $2.48 and its 200-day moving average price is $7.90.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. ARK Investment Management LLC purchased a new position in Brera during the third quarter valued at approximately $218,389,000. Qube Research & Technologies Ltd purchased a new stake in shares of Brera in the third quarter worth $195,889,000. Anatole Investment Management Ltd bought a new stake in shares of Brera during the 3rd quarter valued at $166,667,000. Alyeska Investment Group L.P. purchased a new position in shares of Brera during the 3rd quarter valued at $155,605,000. Finally, Anson Funds Management LP bought a new position in Brera in the 3rd quarter worth $66,667,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

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.