Brera (NASDAQ:SLMT) Shares Down 5% – What’s Next?

Brera Holdings PLC (NASDAQ:SLMT) shares dropped 5% during mid-day trading on Friday . The stock traded as low as $4.89 and last traded at $4.89. Approximately 224,102 shares traded hands during mid-day trading, an increase of 154% from the average session volume of 88,202 shares. The stock had previously closed at $5.15.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brera in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Brera presently has a consensus rating of “Sell”.

Brera Stock Down 5.0%

The stock has a 50-day moving average price of $26.34 and a 200-day moving average price of $91.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.50 and a current ratio of 3.50.

Brera (NASDAQ:SLMT) last announced its earnings results on Saturday, May 16th. The company reported ($915.90) EPS for the quarter.

Insider Activity

In other Brera news, CEO Ron Sade acquired 1,149,000 shares of the stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $4.97 per share, for a total transaction of $5,710,530.00. Following the completion of the acquisition, the chief executive officer owned 1,340,646 shares in the company, valued at approximately $6,663,010.62. This represents a 599.54% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Keren Kalima Maimon bought 1,149,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of $4.97 per share, for a total transaction of $5,710,530.00. Following the acquisition, the director directly owned 1,336,868 shares in the company, valued at $6,644,233.96. The trade was a 611.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in Brera during the fourth quarter valued at about $28,000. Millennium Management LLC bought a new stake in Brera in the fourth quarter worth about $41,000. Engineers Gate Manager LP purchased a new position in Brera in the fourth quarter valued at about $62,000. PEAK6 LLC bought a new position in shares of Brera during the 4th quarter valued at approximately $93,000. Finally, Geode Capital Management LLC bought a new position in shares of Brera during the 4th quarter valued at approximately $95,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

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.