Super League Gaming (NASDAQ:SLGG) Issues Quarterly Earnings Results

Super League Gaming (NASDAQ:SLGG) announced its quarterly earnings data on Wednesday. The company reported ($0.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.06), Fidelity Earnings reports. The business had revenue of $0.22 million during the quarter, compared to analysts’ expectations of $0.20 million.

Shares of SLGG stock traded up $0.22 on Thursday, reaching $6.67. The company had a trading volume of 364 shares, compared to its average volume of 27,992. The stock’s 50-day simple moving average is $7.78. Super League Gaming has a 12 month low of $6.00 and a 12 month high of $11.55.

In related news, Director Mark Jung purchased 6,044 shares of the stock in a transaction dated Thursday, June 20th. The stock was bought at an average cost of $8.19 per share, with a total value of $49,500.36. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeff Patrick Gehl purchased 10,000 shares of the stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $7.58 per share, with a total value of $75,800.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 34,500 shares of company stock valued at $267,848.

Several analysts have weighed in on SLGG shares. Zacks Investment Research cut Super League Gaming from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Northland Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of Super League Gaming in a research note on Thursday, April 18th.

Super League Gaming Company Profile

Super League Gaming, Inc operates an esports community and content platform. The company through its platform connects a network of gamers, venues, and brand partners to enable local, social, and competitive esports that could be broadcasted through its platform. The company was formerly known as Nth Games, Inc and changed its name to Super League Gaming, Inc in July 2015.

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