Brag House (NASDAQ:TBH) Shares Set to Reverse Split on Monday, June 1st

Shares of Brag House Holdings, Inc. (NASDAQ:TBH) are scheduled to reverse split on the morning of Monday, June 1st. The 1-8 reverse split was announced on Thursday, May 28th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 29th.

Brag House Trading Down 7.4%

Brag House stock traded down $0.05 during midday trading on Thursday, reaching $0.64. 1,409,418 shares of the stock traded hands, compared to its average volume of 637,274. The stock has a fifty day moving average price of $0.54. The firm has a market cap of $15.40 million, a price-to-earnings ratio of -0.42 and a beta of 11.64. Brag House has a fifty-two week low of $0.21 and a fifty-two week high of $2.44.

Brag House (NASDAQ:TBH) last posted its earnings results on Friday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Brag House in a research report on Friday, April 24th. Wall Street Zen upgraded shares of Brag House from a “strong sell” rating to a “sell” rating in a research report on Sunday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Brag House

A hedge fund recently bought a new stake in Brag House stock. HRT Financial LP bought a new position in Brag House Holdings, Inc. (NASDAQ:TBH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 73,400 shares of the company’s stock, valued at approximately $29,000. HRT Financial LP owned approximately 0.35% of Brag House at the end of the most recent reporting period.

About Brag House

Brag House offers an integrated electronic video game sports, or esports, platform designed for casual gamers and their friends to experience the fun, passion, intensity and excitement of college sports rivalries in an organic, inclusive and personalized gaming environment, while creating authentic pathway for brands to connect with our Generation Z (“Gen Z”) audience. The vision for Brag House began with our founders — co-founder and Chief Executive Officer Lavell Juan Malloy, II and co-founder, Chief Operating Officer and Interim Chief Financial Officer Daniel Leibovich — who recognized a need in the gaming industry for an esports platform focused on the casual college gamer.