Classover Stock Set to Reverse Split on Monday, June 8th (NASDAQ:KIDZ)

Shares of Classover Holdings, Inc. (NASDAQ:KIDZ) are scheduled to reverse split on Monday, June 8th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 7th.

Classover Price Performance

KIDZ traded down $0.08 during trading on Thursday, hitting $0.27. 3,804,783 shares of the company traded hands, compared to its average volume of 13,254,017. The stock’s 50-day simple moving average is $1.36 and its two-hundred day simple moving average is $6.92. Classover has a 1 year low of $0.24 and a 1 year high of $232.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.94 and a current ratio of 0.94.

Classover (NASDAQ:KIDZ) last posted its earnings results on Friday, May 15th. The company reported ($365,637.00) earnings per share for the quarter. The company had revenue of $0.52 million for the quarter. Classover had a negative net margin of 356.34% and a negative return on equity of 281.13%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KIDZ shares. Weiss Ratings cut shares of Classover from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. Wall Street Zen cut shares of Classover from a “hold” rating to a “strong sell” rating in a research note on Saturday, April 11th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Classover

An institutional investor recently bought a new position in Classover stock. Sandia Investment Management LP purchased a new stake in shares of Classover Holdings, Inc. (NASDAQ:KIDZ) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 90,000 shares of the company’s stock, valued at approximately $265,000. Sandia Investment Management LP owned about 0.38% of Classover at the end of the most recent quarter. 74.70% of the stock is currently owned by institutional investors.

Classover Company Profile

Classover is an online enrichment program in Manhattan, New York that offers over 20 courses taught by certified instructors. It caters to children aged 4 to 17, providing personalized attention and a supportive learning environment. Classover is recognized worldwide by over 20,000 parents and children in more than 34 countries. Classover’s proprietary course platform app provides exclusive benefits to students, including access to class schedules, remaining class credits, and class history. As an official test center for the Math Kangaroo Competition and other high-value competition channels, Classover is certified to provide high-quality teaching services to help students improve their academic performance.