Super League Enterprise (NASDAQ:SLE) Shares Down 3.1%

Super League Enterprise, Inc. (NASDAQ:SLE)’s stock price dropped 3.1% on Thursday . The company traded as low as $1.06 and last traded at $1.09. Approximately 44,400 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 70,070 shares. The stock had previously closed at $1.12.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Super League Enterprise in a research note on Thursday, August 15th.

Super League Enterprise Stock Down 2.1 %

The firm has a 50 day moving average price of $1.14 and a two-hundred day moving average price of $1.44.

Super League Enterprise (NASDAQ:SLE) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.60) earnings per share for the quarter, beating 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 firm had revenue of $4.12 million for the quarter, compared to analysts’ expectations of $5.41 million. Sell-side analysts anticipate that Super League Enterprise, Inc. will post -1.3 earnings per share for the current fiscal year.

Insider Transactions at Super League Enterprise

In related news, Director Jeff Patrick Gehl bought 50,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was acquired at an average price of $1.11 per share, for a total transaction of $55,500.00. Following the completion of the purchase, the director now owns 106,547 shares in the company, valued at $118,267.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Super League Enterprise stock. Murchinson Ltd. bought a new stake in Super League Enterprise, Inc. (NASDAQ:SLE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned approximately 3.84% of Super League Enterprise as of its most recent SEC filing. 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.