Enthusiast Gaming (NASDAQ:EGLX) PT Lowered to $4.00

Enthusiast Gaming (NASDAQ:EGLXGet Rating) had its price objective trimmed by HC Wainwright from $6.00 to $4.00 in a report released on Thursday morning, The Fly reports. The firm currently has a buy rating on the stock.

Separately, B. Riley lowered their price target on Enthusiast Gaming from C$11.50 to C$7.25 in a report on Tuesday, July 19th.

Enthusiast Gaming Trading Down 12.4 %

EGLX stock opened at $0.98 on Thursday. The company has a market cap of $147.39 million, a price-to-earnings ratio of -3.16 and a beta of -0.28. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $2.00. Enthusiast Gaming has a 52 week low of $0.96 and a 52 week high of $4.74.

Enthusiast Gaming (NASDAQ:EGLXGet Rating) last released its quarterly earnings data on Monday, August 15th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The business had revenue of $40.06 million during the quarter, compared to the consensus estimate of $38.82 million. Enthusiast Gaming had a negative return on equity of 19.24% and a negative net margin of 26.78%. On average, equities research analysts expect that Enthusiast Gaming will post -0.25 EPS for the current year.

Institutional Trading of Enthusiast Gaming

Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in Enthusiast Gaming by 117.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 212,922 shares of the company’s stock valued at $423,000 after purchasing an additional 114,805 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Enthusiast Gaming during the second quarter valued at about $36,000. Credit Suisse AG grew its stake in shares of Enthusiast Gaming by 182.3% during the second quarter. Credit Suisse AG now owns 511,496 shares of the company’s stock valued at $1,304,000 after acquiring an additional 330,310 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Enthusiast Gaming by 22.8% during the second quarter. Bank of Montreal Can now owns 498,099 shares of the company’s stock valued at $1,087,000 after acquiring an additional 92,585 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Enthusiast Gaming by 15.4% during the second quarter. Swiss National Bank now owns 258,900 shares of the company’s stock valued at $512,000 after acquiring an additional 34,500 shares in the last quarter. 12.73% of the stock is currently owned by institutional investors and hedge funds.

About Enthusiast Gaming

(Get Rating)

Enthusiast Gaming Holdings Inc engages in the media, content, entertainment, and esports businesses the United States, Canada, and internationally. The company operates an online network of approximately 100 gaming related websites; owns and operates Enthusiast Gaming Live Expo, a video-gaming expo; provides management and support services to players involved in professional gaming; owns and manages esports teams for various games comprising Call of Duty, Madden NFL, Fortnite, Overwatch, Super Smash Bros., Rocket League, and Valorant; and produces and programs approximately 30 weekly shows across AVOD and OTT channels, and represents approximately 500 gaming influencers on YouTube and Twitch.

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