Brera (NASDAQ:SLMT) Releases Quarterly Earnings Results

Brera (NASDAQ:SLMT) released its quarterly earnings results on Friday. The company reported ($91.59) earnings per share for the quarter, FiscalAI reports.

Brera Stock Performance

NASDAQ:SLMT opened at $5.60 on Friday. The firm has a 50-day simple moving average of $8.19. Brera has a twelve month low of $5.15 and a twelve month high of $529.50.

Brera’s stock is going 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.

Hedge Funds Weigh In On Brera

A number of large investors have recently modified their holdings of SLMT. HighTower Advisors LLC purchased a new position in shares of Brera during the 4th quarter valued at about $28,000. Geode Capital Management LLC purchased a new position in shares of Brera during the 4th quarter valued at about $95,000. State of Wyoming purchased a new position in shares of Brera during the 4th quarter valued at about $116,000. ARK Investment Management LLC purchased a new position in shares of Brera during the 4th quarter valued at about $16,998,000. Finally, Aristides Capital LLC purchased a new position in shares of Brera during the 4th quarter valued at about $166,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brera in a report on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Brera Company Profile

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.