Brera (NASDAQ:SLMT) Trading Up 1.7% – Time to Buy?

Shares of Brera Holdings PLC (NASDAQ:SLMT) shot up 1.7% during mid-day trading on Friday . The company traded as high as $4.45 and last traded at $4.28. Approximately 86,602 shares were traded during trading, an increase of 75% from the average daily volume of 49,357 shares. The stock had previously closed at $4.21.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen raised Brera from a “strong sell” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of Brera in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Brera Stock Performance

The firm has a 50 day moving average of $4.77 and a 200-day moving average of $52.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.50 and a current ratio of 3.50.

Hedge Funds Weigh In On Brera

Several hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC purchased a new position in Brera during the fourth quarter valued at $28,000. Geode Capital Management LLC purchased a new position in shares of Brera during the fourth quarter valued at about $95,000. State of Wyoming bought a new stake in shares of Brera in the fourth quarter worth about $116,000. ARK Investment Management LLC purchased a new stake in shares of Brera in the fourth quarter worth about $16,998,000. Finally, Aristides Capital LLC bought a new position in Brera during the fourth quarter valued at approximately $166,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.