Zacks Investment Research has upgraded Allied Esports Entertainment (NASDAQ:AESE)
On Monday, shares of NASDAQ AESE rose $0.14 to $1.85, with 9,032 shares changing hands, compared to the company’s average volume of 2,209,347. The fifty-day moving average for the company is $1.91, and the 200-day moving average is $1.96. The 52-week low for Allied Esports Entertainment is $1.38, and the 52-week high is $4.31.
On Monday, November 22nd, Allied Esports Entertainment (NASDAQ:AESE) released its quarterly results report. For the quarter, the business earned ($0.18) per share, missing the average estimate of ($0.12) by ($0.06). Allied Esports Entertainment had a negative return on equity of 63.29 percent and a net margin of 1,245.52 percent. The company earned ($0.22) per share in the same period last year. Allied Esports Entertainment is expected to earn -0.4 EPS this year, according to equity research analysts.
In other Allied Esports Entertainment news, in a transaction dated Friday, December 17th, major shareholder Knighted Pastures Llc purchased 85,706 shares of the company’s stock. The stock was purchased for a total of $162,841.40 at an average cost of $1.90 per share. The transaction was revealed in a legal file with the Securities and Exchange Commission, which can be seen here. In addition, on Thursday, November 4th, Director Adam J. Pliska sold 106,143 shares of the company’s stock. The stock was sold for a total of $204,855.99 at an average price of $1.93. This sale’s disclosure may be found here. Insiders have purchased 909,007 shares of company stock for $1,659,845, at a total of $1,659,845. 41. Insiders now control 50% of the company’s shares.
A number of hedge funds have lately made changes to their AESE holdings. In the third quarter, Hudson Bay Capital Management LP purchased a new investment in Allied Esports Entertainment for over $25,000. In the second quarter, Cowen Investment Management LLC invested $178,000 in Allied Esports Entertainment. In the second quarter, State Street Corp purchased a new investment in Allied Esports Entertainment for $268,000. In the second quarter, Geode Capital Management LLC increased its holdings in Allied Esports Entertainment by 22.8 percent. After acquiring an additional 30,022 shares in the last quarter, Geode Capital Management LLC now owns 161,952 shares of the company’s stock, valued at $372,000. Finally, in the second quarter, Vanguard Group Inc. increased its holdings in Allied Esports Entertainment by 10.4 percent.
After acquiring an additional 54,091 shares in the last quarter, Vanguard Group Inc. now owns 571,880 shares of the company’s stock worth $1,315,000. Institutional investors and hedge funds hold 3.70 percent of the stock.
marketbeat.com is the source for this information.
Earnings of -$0.08 Per Share are expected from Allied Esports Entertainment Inc. (NASDAQ:AESE).
According to Zacks, Allied Esports Entertainment Inc. (NASDAQ:AESE) is expected to report ($0.08) earnings per share (EPS) for the current fiscal quarter. Allied Esports Entertainment’s profits have been forecasted by 0 analysts. On Monday, February 28th, the company will release its next earnings report.
Analysts anticipate Allied Esports Entertainment will generate full-year earnings of ($0.40) per share in the current fiscal year. Analysts predict that the company will earn ($0.25) per share in the coming year. The EPS averages provided by Zacks Investment Research are based on a survey of research companies that cover Allied Esports Entertainment.
On Monday, November 22nd, Allied Esports Entertainment (NASDAQ:AESE) reported its quarterly earnings results. The firm reported ($0.18) earnings per share for the quarter, falling short of analysts’ expectations of ($0.12) by ($0.06). Allied Esports Entertainment had a negative return on equity of 63.29 percent and a net margin of 1,245.52 percent. The company earned ($0.22) per share over the same time the previous year.
Separately, in a research note issued on Thursday, December 2nd, Zacks Investment Research raised Allied Esports Entertainment from a “hold” rating to a “buy” rating and set a $2.00 target price for the company.
On Thursday, the AESE stock opened at $1.99. The company’s 50-day and 200-day moving averages are $1.88 and $2.02, respectively. With a one-year low of $1.10 and a one-year high of $4.31, Allied Esports Entertainment has a price range of $1.10 to $4.31.
In other Allied Esports Entertainment news, major shareholder Knighted Pastures Llc bought 489,948 shares of the company’s stock on Tuesday, November 30th. The stock was purchased at an average price of $1.80 per share, for a total expenditure of $881,906.40. The deal was announced in a filing with the Securities and Exchange Commission, which may be found on the SEC website. In addition, on November 4th, Director Adam J. Pliska sold 106,143 shares of the company’s stock. The shares were sold for a total of $204,855.99 at an average price of $1.93. This sale’s disclosure may be found here. Insiders have purchased 728,391 shares of company stock worth $1,325,216 in the previous 90 days. Insiders control 41.50 percent of the stock in the business.
Hedge funds and institutional investors have lately changed their stakes in the firm. In the second quarter, Cowen Investment Management LLC paid $178,000 for a new interest in Allied Esports Entertainment. In the second quarter, State Street Corp paid $268,000 for a new interest in Allied Esports Entertainment. In the second quarter, Geode Capital Management LLC grew its holdings in Allied Esports Entertainment by 22.8 percent. After acquiring an additional 30,022 shares during the period, Geode Capital Management LLC now owns 161,952 shares of the company’s stock, valued at $372,000, for a total of 161,952 shares worth $372,000. Finally, in the second quarter, Vanguard Group Inc. grew its holdings in Allied Esports Entertainment by 10.4 percent. After purchasing an additional 54,091 shares during the period, Vanguard Group Inc. now owns 571,880 shares of the company’s stock worth $1,315,000. Institutional investors and hedge funds presently hold 3.70 percent of the stock.
Allied Esports Entertainment is a company that specialises in esports.
Allied Esports Entertainment, Inc is an esports entertainment firm that develops esports venues and live events for video games as well as poker. Poker, gaming & entertainment, and E-sports are the three categories in which it works. Through World Poker Tour, the poker, gaming, and entertainment section offers broadcast gaming and entertainment, land-based poker events, and online and mobile poker apps (WPT).
marketbeat.com is the source for this information.
Allied Esports Entertainment Inc. (NASDAQ: AESE )’s price has risen 49.74 percent from its 52-week low, while its YTD numbers have risen 19.62 percent.
Allied Esports Entertainment Inc. (NASDAQ:AESE) had 1.67 million traded shares during the last session, with the company’s beta value reaching 1.24. The stock ended the trading day at $1.89, representing an intraday loss of -8.25 percent or -$0.17. The AESE share has a 52-week high of $4.31, which is down -128.04 from that high but still represents a stunning 49.74 percent gain since the share price plunged to a 52-week low of $0.95. The company’s market capitalization is $78.28 million, and the average transaction volume for the last three months was 1.02 million shares.
Analysts have given Allied Esports Entertainment Inc. (AESE) an average rating of Hold. This equates to a 3.00 average rating. AESE has a Sell rating from 0 of the 1 analysts that have looked into the stock. 1 analyst recommends holding the stock, 0 recommends overweighting it, and 0 recommends buying it. The stock has been rated Underweight by 0 analyst(s). The current quarter’s earnings per share (EPS) are predicted to be -$0.12.
Trade data for Allied Esports Entertainment Inc. (NASDAQ:AESE).
In the most recent session, Allied Esports Entertainment Inc. (AESE) lost -8.25 percent of its value and has now traded in the negative for the last five sessions. This Wednesday, 11/24/21, the stock fell -8.25 percent in intraday trade to $1.89, a weekly high. The stock has moved 3.28 percent in 30 days and has a 5-day price performance of -15.62 percent. The overall pricing performance for the year is 91.90 percent based on these engagements.
Analysts on Wall Street have set an average price objective of $2.50, implying a 24.4 percent gain in the stock’s present value. The forecast’s extremes result in target low and high prices of $2.50 and $2.50, respectively. As a consequence, AESE is currently trading at a -32.28 percent discount to the target high and -32.28 percent discount to the target low.
Estimates and predictions from Allied Esports Entertainment Inc. (AESE).
Analysts, on the other hand, are raising their growth forecasts for fiscal year 2021. Revenue is expected to rise 45.50 percent this quarter and then 79.30 percent the following quarter. Revenue will drop -6.60 percent, according to the rating companies’ predictions, compared to the previous financial year.
According to one expert, revenue for the current quarter will be $820k (s). Meanwhile, 1 analyst(s) predicts sales growth of $850k by the end of December 2021. Sales for the comparable quarters totalled $5.87 million and $900k, respectively, according to the earnings report from the previous fiscal year’s results. In this situation, experts predict a -86.00 percent reduction in current-quarter sales, followed by a -5.60 percent loss in the next quarter.
In 2021, profits are expected to fall by 54.10 percent.
Dividends from the AESE
The next quarterly earnings report from Allied Esports Entertainment Inc. is coming on March 31. It’s crucial to note, however, that the dividend yield ratio is only a guideline.
Major shareholders of Allied Esports Entertainment Inc. (NASDAQ:AESE)
Insiders own 65.22 percent of Allied Esports Entertainment Inc.’s total outstanding shares, while institutional investors own 21.19 percent, with a float of 60.91 percent. The company’s largest stakeholder is Vanguard Group, Inc. (The), with 13 institutions owning equity. The corporation has about 0.57 million shares (or 1.46 percent of all shares) with a total value of $1.32 million as of June 29, 2021.
With 0.44 million shares, Blackrock Inc. is the second largest institutional position, accounting for around 1.12 percent of outstanding shares. These shares were worth $1.0 million at the market price on June 29, 2021.
marketingsentinel.com is the source for this information.
Who are the major shareholders in Allied Esports Entertainment Inc. (NASDAQ:AESE)?
The most prominent stakeholder groups in Allied Esports Entertainment Inc. (NASDAQ:AESE) should be known to all Allied Esports Entertainment Inc. (NASDAQ:AESE) investors. Institutions are more likely to own shares in larger firms, whereas insiders are more likely to possess shares in smaller organisations. I prefer to see at least a small amount of insider ownership. ‘Show me the motivation, and I’ll show you the result,’ stated Charlie Munger.
With a market valuation of US$130 million, Allied Esports Entertainment may still be flying under the radar of many institutional investors. We can observe from the graph below that institutions aren’t very common on the stock exchange. Let’s take a deeper look at the various categories of shareholders to see what they have to say about Allied Esports Entertainment.
What Does Allied Esports Entertainment’s Institutional Ownership Tell Us?
When reporting to their own investors, institutions often compare themselves to a benchmark, thus when a stock is included in a large index, they frequently become more excited about it. Most businesses, especially those that are expanding, are likely to have some institutions on their books.
Allied Esports Entertainment is owned by a small group of institutions. This means the firm is on the radar of certain funds, but it isn’t very popular with professional investors right now. As a result, if the firm improves over time, we may see more institutional purchasers in the future. We frequently notice a rising share price when many institutional investors wish to purchase shares. The revenue trend in the past (given here) may be indicative of future growth, but no guarantees can be made.
Hedge funds haven’t made a significant investment in Allied Esports Entertainment, according to our research. With 40% of the outstanding shares, Ourgame International Holdings Limited is the largest stakeholder, according to our data. The second and third largest owners, on the other hand, own around 19% and 14% of the shares, respectively.
To add to the intrigue of our research, we discovered that the top two shareholders possess a majority of the corporation, implying that they have considerable clout to influence corporate choices.
A excellent technique to assess and filter a stock’s predicted performance is to look into institutional ownership. Analyzing analyst emotions might help you do the same thing. There is some analyst coverage of the stock, but it isn’t extensive. As a result, there is room for it to gain more attention.
Allied Esports Entertainment is owned by insiders.
Insiders are defined differently in various nations, although members of the board of directors are always counted. The board of directors reports to the firm management, and the latter is responsible for representing the interests of shareholders. Notably, top-level executives are occasionally elected to the board of directors.
Insider ownership is often regarded as a plus since it indicates that the board of directors is well aligned with other shareholders. However, too much power can be concentrated within one group at times.
Insiders possess shares in Allied Esports Entertainment Inc., I can confirm. Insiders control US$7.6 million of the US$130 million corporation as individuals. Some would argue that this demonstrates congruence of interests between shareholders and the board of directors, but I like to see larger insider ownership. However, it’s worth investigating whether those insiders have been selling.
Ownership by the general public
Allied Esports Entertainment is owned by the general population to the tune of 13%. While this level of ownership is significant, it may not be enough to influence corporate policy if the decision is not shared by other substantial shareholders.
Ownership by private equity
Private equity companies are in a position to shape corporate strategy with a focus on value generation since they hold 19 percent of the company. This may entice certain investors, as private equity firms are sometimes able to push measures that assist the market recognise the company’s worth. Alternatively, people who own the stock may be selling it once it goes public.
Ownership of a Private Corporation
Private companies appear to control 14 percent of Allied Esports Entertainment shares. It’s difficult to make any inferences based on this information alone, therefore it’s worth investigating who owns those private firms. Through a separate private business, insiders or other linked parties may hold a stake in shares in a public firm.
Ownership of a Public Corporation
We can observe that 45 percent of the Allied Esports Entertainment shares on issue are held by public businesses. It’s possible that this is a strategic interest, as the two firms share similar corporate goals. It’s possible that they’ve split up. This holding is most likely worth looking into further.
simplywall.st is the source of this information.
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