Allied Esports Entertainment (NASDAQ:AESE) posted its earnings results on Saturday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01), Fidelity Earnings reports. Allied Esports Entertainment had a negative return on equity of 59.30% and a negative net margin of 139.42%.
Shares of AESE stock opened at $0.96 on Monday. The stock has a market cap of $32.65 million, a P/E ratio of -0.84 and a beta of 1.08. Allied Esports Entertainment has a 52 week low of $0.40 and a 52 week high of $5.94. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $1.17 and its two-hundred day simple moving average is $1.83.
In other news, President Adam J. Pliska sold 70,936 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $2.43, for a total value of $172,374.48. Following the sale, the president now directly owns 233,201 shares in the company, valued at approximately $566,678.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Lyle Berman sold 455,800 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $2.53, for a total transaction of $1,153,174.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 576,736 shares of company stock worth $1,456,548. Corporate insiders own 7.20% of the company’s stock.
Separately, Zacks Investment Research upgraded Allied Esports Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, October 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Allied Esports Entertainment presently has a consensus rating of “Buy” and an average target price of $4.00.
Allied Esports Entertainment Company Profile
Allied Esports Entertainment Inc operates a premier public esports and entertainment company, consisting of the Allied Esports and World Poker Tour (WPT) businesses worldwide. The company has two segments, Gaming & Entertainment and E-Sports. It operates esports properties to connect players and fans via a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events, as well as provides multiplayer video game competitions.
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