Super League Gaming (NASDAQ:SLGG) Upgraded to “Hold” at Zacks Investment Research

Super League Gaming (NASDAQ:SLGG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Super League Gaming Inc. is an amateur esports community and content platform. Its proprietary technology platform transforms local movie theaters, PC cafes and restaurant and retail venues into esports arenas. Super League Gaming Inc. is based in Santa Monica, California. “

A number of other equities research analysts have also issued reports on the company. ValuEngine lowered Super League Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Stephens began coverage on Super League Gaming in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $3.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $11.25.

SLGG stock opened at $3.60 on Wednesday. Super League Gaming has a 1 year low of $1.85 and a 1 year high of $11.55. The stock’s 50 day moving average price is $2.56 and its 200 day moving average price is $4.70.

Super League Gaming (NASDAQ:SLGG) last posted its earnings results on Wednesday, November 13th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.07). The company had revenue of $0.35 million during the quarter, compared to analysts’ expectations of $0.30 million. Analysts expect that Super League Gaming will post -2.62 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Morgan Stanley purchased a new position in shares of Super League Gaming during the 2nd quarter worth $36,000. Tiedemann Advisors LLC purchased a new position in shares of Super League Gaming in the 3rd quarter worth $48,000. Creative Planning purchased a new position in shares of Super League Gaming in the 3rd quarter worth $53,000. BlackRock Inc. purchased a new position in shares of Super League Gaming in the 2nd quarter worth $60,000. Finally, Millennium Management LLC purchased a new position in shares of Super League Gaming in the 3rd quarter worth $65,000. 12.38% of the stock is currently owned by institutional investors.

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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