Rosenblatt Securities Reiterates “Neutral” Rating for Emerald (NYSE:EEX)

Emerald (NYSE:EEX)‘s stock had its “neutral” rating restated by stock analysts at Rosenblatt Securities in a research report issued on Tuesday,Benzinga reports. They currently have a $5.03 target price on the stock, down from their prior target price of $7.70. Rosenblatt Securities’ price objective indicates a potential upside of 0.70% from the stock’s previous close.

EEX has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Emerald in a report on Friday. Maxim Group reiterated a “hold” rating on shares of Emerald in a research report on Monday. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $5.03.

Emerald Stock Performance

Shares of NYSE EEX traded up $0.01 during midday trading on Tuesday, reaching $5.00. 1,895,889 shares of the company were exchanged, compared to its average volume of 110,731. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.47. Emerald has a 1 year low of $3.32 and a 1 year high of $5.45. The stock has a fifty day simple moving average of $4.57 and a 200 day simple moving average of $4.46. The stock has a market cap of $988.56 million, a P/E ratio of -33.30 and a beta of 0.55.

Emerald (NYSE:EEX) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Emerald had a negative net margin of 6.62% and a negative return on equity of 8.24%. The business had revenue of $155.40 million during the quarter, compared to analysts’ expectations of $152.20 million.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. State Street Corp grew its stake in shares of Emerald by 1.0% during the 4th quarter. State Street Corp now owns 241,698 shares of the company’s stock valued at $1,080,000 after buying an additional 2,394 shares during the period. Inspire Investing LLC grew its stake in shares of Emerald by 3.6% during the 1st quarter. Inspire Investing LLC now owns 110,725 shares of the company’s stock valued at $499,000 after buying an additional 3,857 shares during the period. Russell Investments Group Ltd. grew its stake 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 buying an additional 3,892 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Emerald by 7.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 59,062 shares of the company’s stock valued at $264,000 after buying an additional 4,133 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Emerald by 18.1% during the 2nd quarter. Jane Street Group LLC now owns 33,350 shares of the company’s stock valued at $162,000 after buying an additional 5,113 shares during the period. 14.90% of the stock is currently owned by institutional investors and hedge funds.

Emerald News Summary

Here are the key news stories impacting Emerald this week:

• Positive Sentiment: Emerald agreed to be acquired by Apollo-managed funds in an all-cash transaction, which lifted investor sentiment as the market priced in a premium takeover outcome. Emerald Expositions to Be Acquired by Apollo Funds
• Positive Sentiment: News reports highlighted that Apollo is expected to pay a significant premium for Emerald, reinforcing the takeover thesis and supporting the share price. Apollo Global Management to buy Emerald Holding, Questex in cash deals
• Neutral Sentiment: Emerald declared a quarterly dividend of $0.015 per share, which is a modest shareholder return but is unlikely to be the main driver of the stock today. MarketBeat EEX page
• Neutral Sentiment: Maxim Group reaffirmed a hold rating on Emerald, and another report said the firm was downgraded to hold, which may temper some enthusiasm but does not outweigh the acquisition news. Maxim Group downgrades Emerald Holding (EEX)
• Negative Sentiment: Investor-law firm announcements about investigations into whether the Apollo deal delivers a fair price could create some uncertainty around the transaction process. Shareholder alert investigation

About Emerald

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.