Super League Gaming (SLGG) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Super League Gaming (NASDAQ:SLGG) from a hold rating to a buy rating in a research report released on Tuesday, Zacks.com reports. They currently have $8.25 price target on the stock.

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. “

Other equities analysts have also issued reports about the stock. National Securities started coverage on shares of Super League Gaming in a report on Monday, March 11th. They issued a buy rating and a $15.00 price objective for the company. Northland Securities restated a buy rating and issued a $15.00 price objective on shares of Super League Gaming in a report on Thursday, April 18th. Finally, Lake Street Capital started coverage on shares of Super League Gaming in a report on Monday, March 25th. They issued a buy rating and a $15.00 price objective for the company.

Shares of NASDAQ SLGG opened at $7.37 on Tuesday. Super League Gaming has a twelve month low of $6.00 and a twelve month high of $11.55.

Super League Gaming (NASDAQ:SLGG) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.57) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.17. The firm had revenue of $0.25 million during the quarter, compared to analysts’ expectations of $0.15 million. On average, sell-side analysts expect that Super League Gaming will post -1.69 EPS for the current fiscal year.

In related news, Director Mark Jung bought 6,492 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average price of $7.80 per share, with a total value of $50,637.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeff Patrick Gehl bought 10,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was bought at an average cost of $7.58 per share, with a total value of $75,800.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 18,492 shares of company stock valued at $141,858.

A number of large investors have recently bought and sold shares of the business. Raymond James & Associates bought a new stake in Super League Gaming in the 1st quarter worth approximately $129,000. Creative Planning bought a new stake in Super League Gaming in the 1st quarter worth approximately $282,000. Finally, First Eagle Investment Management LLC bought a new stake in Super League Gaming in the 1st quarter worth approximately $661,000. 2.23% of the stock is owned by institutional investors and hedge funds.

About Super League Gaming

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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