Emerald (NYSE:EEX) Shares Down 5.2%

Emerald Holding, Inc. (NYSE:EEX)’s stock price traded down 5.2% during trading on Tuesday . The company traded as low as $6.31 and last traded at $6.33. 91,722 shares traded hands during trading, a decline of 4% from the average session volume of 95,422 shares. The stock had previously closed at $6.68.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities decreased their price objective on shares of Emerald from $8.40 to $8.20 and set a “buy” rating on the stock in a report on Friday, March 1st.

Emerald Trading Down 4.2 %

The business’s fifty day simple moving average is $5.94 and its 200 day simple moving average is $6.06.

Institutional Investors Weigh In On Emerald

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Emerald by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company’s stock valued at $7,581,000 after purchasing an additional 5,184 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Emerald by 21.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 32,380 shares of the company’s stock valued at $221,000 after purchasing an additional 5,785 shares during the last quarter. Cannell Capital LLC boosted its stake in shares of Emerald by 30.8% in the 4th quarter. Cannell Capital LLC now owns 1,192,951 shares of the company’s stock valued at $7,134,000 after purchasing an additional 280,744 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Emerald by 99.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 130,322 shares of the company’s stock valued at $589,000 after purchasing an additional 64,892 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Emerald by 362.0% in the 3rd quarter. Acadian Asset Management LLC now owns 84,837 shares of the company’s stock valued at $382,000 after purchasing an additional 66,475 shares during the last quarter. Institutional investors own 14.90% of the company’s stock.

About Emerald

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.