HC Wainwright Reiterates “Buy” Rating for Super League Enterprise (NASDAQ:SLE)

Super League Enterprise (NASDAQ:SLE)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a report issued on Wednesday, Benzinga reports. They presently have a $3.00 target price on the stock. HC Wainwright’s price objective suggests a potential upside of 288.30% from the stock’s current price.

Super League Enterprise Stock Performance

Shares of NASDAQ:SLE opened at $0.77 on Wednesday. The stock has a market capitalization of $8.17 million, a price-to-earnings ratio of -0.09 and a beta of 1.98. Super League Enterprise has a 1-year low of $0.50 and a 1-year high of $2.84. The company has a 50 day moving average price of $1.04 and a 200 day moving average price of $1.25.

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

Insiders Place Their Bets

In other news, Director Jeff Patrick Gehl purchased 50,000 shares of Super League Enterprise stock in a transaction that occurred on Thursday, July 18th. The stock was acquired at an average price of $1.11 per share, for a total transaction of $55,500.00. Following the transaction, the director now owns 106,547 shares in the company, valued at $118,267.17. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

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

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.