HC Wainwright Reaffirms Buy Rating for Super League Enterprise (NASDAQ:SLE)

HC Wainwright reaffirmed their buy rating on shares of Super League Enterprise (NASDAQ:SLE) in a research note published on Wednesday morning, Benzinga reports. They currently have a $3.00 price target on the stock.

Super League Enterprise Price Performance

Shares of NASDAQ SLE opened at $0.93 on Wednesday. Super League Enterprise has a twelve month low of $0.50 and a twelve month high of $2.84. The firm has a 50-day moving average of $1.01 and a two-hundred day moving average of $1.24.

Super League Enterprise (NASDAQ:SLE) last released its earnings results on Wednesday, August 14th. The company reported ($0.60) EPS for the quarter, beating 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 net margin of 95.78% and a negative return on equity of 254.70%. Equities analysts predict that Super League Enterprise will post -1.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeff Patrick Gehl bought 50,000 shares of Super League Enterprise stock in a transaction dated Thursday, July 18th. The stock was acquired at an average cost of $1.11 per share, with a total value of $55,500.00. Following the completion of the acquisition, the director now directly owns 106,547 shares in the company, valued at approximately $118,267.17. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Super League Enterprise

An institutional investor recently bought a new position 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 Form 13F filing with the Securities & Exchange Commission. The fund purchased 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned 3.84% of Super League Enterprise at the end of the most recent quarter. 2.06% of the stock is currently owned by institutional investors and hedge funds.

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.