Super League Enterprise (NASDAQ:SLE) Earns Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Super League Enterprise (NASDAQ:SLE) in a report released on Wednesday, Benzinga reports. The firm currently has a $3.00 price objective on the stock.

Super League Enterprise Price Performance

Shares of Super League Enterprise stock opened at $0.77 on Wednesday. The company has a market capitalization of $8.09 million, a P/E ratio of -0.09 and a beta of 1.98. The business has a 50-day moving average of $1.04 and a two-hundred day moving average of $1.25. Super League Enterprise has a 1 year low of $0.50 and a 1 year high of $2.84.

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

Insiders Place Their Bets

In other Super League Enterprise news, Director Jeff Patrick Gehl purchased 25,000 shares of the stock in a transaction on Tuesday, July 23rd. The shares were purchased at an average cost of $1.37 per share, for a total transaction of $34,250.00. Following the purchase, the director now owns 131,547 shares of the company’s stock, valued at $180,219.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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. acquired a new position 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 acquired 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned about 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.

Super League Enterprise Company Profile

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.