Akerna (KERN) to Release Earnings on Monday

Akerna (NASDAQ:KERN – Get Rating) is scheduled to announce its earnings results on Monday, March 20th.

Akerna Stock Down 12.7 %

Shares of NASDAQ:KERN opened at $0.74 on Friday. The stock has a market capitalization of $2.98 million, a price-to-earnings ratio of -0.02 and a beta of 2.73. Akerna has a 1-year low of $0.66 and a 1-year high of $29.40. The company’s fifty day moving average is $1.08 and its two-hundred day moving average is $0.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.66 and a current ratio of 0.66.

Institutional Trading of Akerna

A number of large investors have recently modified their holdings of the company. Vident Investment Advisory LLC increased its holdings in shares of Akerna by 68.1% in the 1st quarter. Vident Investment Advisory LLC now owns 63,163 shares of the company’s stock worth $72,000 after acquiring an additional 25,595 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Akerna by 79.8% in the 2nd quarter. Renaissance Technologies LLC now owns 274,300 shares of the company’s stock worth $38,000 after acquiring an additional 121,700 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Akerna by 133.4% in the 1st quarter. Bank of New York Mellon Corp now owns 307,789 shares of the company’s stock worth $351,000 after acquiring an additional 175,900 shares during the period. BlackRock Inc. increased its holdings in shares of Akerna by 342.6% in the 3rd quarter. BlackRock Inc. now owns 1,023,825 shares of the company’s stock worth $92,000 after acquiring an additional 792,521 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Akerna in the 2nd quarter worth about $193,000.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their target price on shares of Akerna from $1.50 to $1.00 and set a “neutral” rating on the stock in a report on Friday, February 3rd.

About Akerna

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Akerna Corp. provides enterprise software solutions that enable regulatory compliance and inventory management in United States and Canada. The company offers MJ Platform for the cannabis, hemp, and CBD industry; and Leaf Data Systems, a government regulatory software. It also provides consulting services to cannabis industry; business intelligence, data analytics and other software related services; and Last Call Analytics, a tool for alcohol brands to analyze their retail sales analytics.