Super League Enterprise (NASDAQ:SLE) PT Lowered to $3.00

Super League Enterprise (NASDAQ:SLE) had its price target cut by Maxim Group from $4.00 to $3.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s target price points to a potential upside of 233.33% from the stock’s current price.

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of Super League Enterprise in a research report on Wednesday, October 2nd.

Super League Enterprise Price Performance

NASDAQ:SLE opened at $0.90 on Monday. Super League Enterprise has a 1-year low of $0.50 and a 1-year high of $2.84. The company has a 50-day moving average of $0.97 and a 200 day moving average of $1.17. The firm has a market cap of $6.44 million, a PE ratio of -0.10 and a beta of 1.96.

Super League Enterprise (NASDAQ:SLE) last announced its earnings results on Wednesday, August 14th. The company reported ($0.60) EPS 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 business had revenue of $4.12 million during the quarter, compared to the consensus estimate of $5.41 million. Sell-side analysts anticipate that Super League Enterprise will post -1.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jeff Patrick Gehl bought 25,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was bought at an average cost of $1.37 per share, for a total transaction of $34,250.00. Following the acquisition, the director now directly owns 131,547 shares of the company’s stock, valued at $180,219.39. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Super League Enterprise

A hedge fund recently bought a new stake in Super League Enterprise stock. Murchinson Ltd. acquired a new stake in Super League Enterprise, Inc. (NASDAQ:SLE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned 3.84% of Super League Enterprise as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 2.06% of the company’s stock.

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.