Brera (NASDAQ:SLMT) Reaches New 12-Month Low – Here’s Why

Brera Holdings PLC (NASDAQ:SLMT)’s share price hit a new 52-week low on Thursday . The company traded as low as $5.15 and last traded at $6.46, with a volume of 16655 shares. The stock had previously closed at $5.59.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brera in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Brera Stock Performance

The business’s 50-day moving average price is $8.19.

Brera’s stock is set to reverse split on the morning of Friday, May 29th. The 1-10 reverse split was announced on Tuesday, April 28th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, May 28th.

Brera (NASDAQ:SLMT) last posted its quarterly earnings data on Friday, May 15th. The company reported ($91.59) earnings per share for the quarter.

Institutional Investors Weigh In On Brera

A number of institutional investors have recently modified their holdings of the stock. Weiss Asset Management LP raised its stake in shares of Brera by 2.6% in the 1st quarter. Weiss Asset Management LP now owns 290,531 shares of the company’s stock valued at $228,000 after purchasing an additional 7,266 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Brera in the 4th quarter valued at about $28,000. Millennium Management LLC acquired a new stake in shares of Brera in the 4th quarter valued at about $41,000. Engineers Gate Manager LP acquired a new stake in shares of Brera in the 4th quarter valued at about $62,000. Finally, PEAK6 LLC acquired a new stake in shares of Brera in the 4th quarter valued at about $93,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

About Brera

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.