Emerald (NYSE:EEX) Shares Gap Down – What’s Next?

Emerald Holding, Inc. (NYSE:EEX) shares gapped down before the market opened on Tuesday . The stock had previously closed at $4.68, but opened at $4.26. Emerald shares last traded at $4.30, with a volume of 2,223 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EEX shares. Wall Street Zen cut shares of Emerald from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Rosenblatt Securities restated a “buy” rating and set a $7.70 price objective on shares of Emerald in a research report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Emerald in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Emerald presently has a consensus rating of “Hold” and an average target price of $7.70.

Emerald Stock Down 1.5%

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.35. The stock’s 50-day moving average price is $4.73 and its two-hundred day moving average price is $4.62. The stock has a market capitalization of $829.80 million, a P/E ratio of 139.85 and a beta of 0.64.

Hedge Funds Weigh In On Emerald

A number of hedge funds have recently bought and sold shares of the business. Inspire Investing LLC lifted its position in Emerald by 18.7% during the fourth quarter. Inspire Investing LLC now owns 106,868 shares of the company’s stock valued at $478,000 after purchasing an additional 16,801 shares during the period. MSD Partners L.P. raised its holdings in shares of Emerald by 31.3% during the 4th quarter. MSD Partners L.P. now owns 1,400,339 shares of the company’s stock worth $6,260,000 after acquiring an additional 333,701 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Emerald by 127.0% during the 4th quarter. Russell Investments Group Ltd. now owns 6,957 shares of the company’s stock valued at $31,000 after acquiring an additional 3,892 shares during the last quarter. Advisory Research Inc. increased its position in Emerald by 0.7% in the fourth quarter. Advisory Research Inc. now owns 1,789,157 shares of the company’s stock worth $7,998,000 after purchasing an additional 13,015 shares during the last quarter. Finally, State Street Corp lifted its position in Emerald by 1.0% during the fourth quarter. State Street Corp now owns 241,698 shares of the company’s stock valued at $1,080,000 after purchasing an additional 2,394 shares during the last quarter. Hedge funds and other institutional investors own 14.90% of the company’s stock.

Emerald Company Profile

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.