Brokerages Set $15.00 Price Target for Super League Gaming (NASDAQ:SLGG)

Super League Gaming (NASDAQ:SLGG) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $15.00 for the company and are predicting that the company will post ($0.43) EPS for the current quarter, according to Zacks. Zacks has also given Super League Gaming an industry rank of 207 out of 255 based on the ratings given to its competitors.

Separately, ValuEngine cut shares of Super League Gaming from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th.

Shares of SLGG stock traded down $0.12 during trading on Friday, reaching $2.72. 12,512 shares of the company’s stock traded hands, compared to its average volume of 82,405. The firm’s 50-day moving average is $2.95 and its 200 day moving average is $5.61. Super League Gaming has a 1 year low of $1.85 and a 1 year high of $11.55.

Super League Gaming (NASDAQ:SLGG) last announced its quarterly earnings results on Wednesday, November 13th. The company reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.07). The company had revenue of $0.35 million for the quarter, compared to the consensus estimate of $0.30 million. On average, equities analysts predict that Super League Gaming will post -2.62 EPS for the current year.

In other Super League Gaming news, Director Mark Jung purchased 9,542 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were bought at an average cost of $4.16 per share, for a total transaction of $39,694.72. Insiders have purchased a total of 55,463 shares of company stock worth $782,987 over the last 90 days.

Institutional investors have recently bought and sold shares of the stock. Creative Planning bought a new stake in Super League Gaming during the 3rd quarter worth approximately $53,000. Boston Advisors LLC increased its holdings in Super League Gaming by 20.5% during the 3rd quarter. Boston Advisors LLC now owns 77,486 shares of the company’s stock worth $334,000 after acquiring an additional 13,162 shares during the period. Vanguard Group Inc. bought a new stake in Super League Gaming during the 2nd quarter worth approximately $793,000. 1492 Capital Management LLC bought a new stake in Super League Gaming during the 2nd quarter worth approximately $1,492,000. Finally, Royal Bank of Canada bought a new stake in Super League Gaming during the 2nd quarter worth approximately $216,000. 12.38% of the stock is currently owned by institutional investors and hedge funds.

Super League Gaming Company Profile

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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