Brera (NASDAQ:SLMT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brera (NASDAQ:SLMT) from a strong sell rating to a sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed 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 data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Brera Stock Down 2.8%

Shares of Brera stock opened at $4.16 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.50 and a quick ratio of 3.50. Brera has a fifty-two week low of $3.61 and a fifty-two week high of $529.50. The firm has a fifty day moving average price of $4.74 and a two-hundred day moving average price of $51.30.

Hedge Funds Weigh In On Brera

A number of hedge funds and other institutional investors have recently made changes to their positions in SLMT. ARK Investment Management LLC bought a new stake in Brera in the fourth quarter valued at about $16,998,000. Electric Capital Partners LLC bought a new position in Brera during the fourth quarter worth about $12,155,000. Anatole Investment Management Ltd bought a new position in Brera during the fourth quarter worth about $10,389,000. Alyeska Investment Group L.P. acquired a new stake in Brera during the fourth quarter valued at approximately $5,293,000. Finally, Arrington Capital Management LLC acquired a new stake in Brera during the fourth quarter valued at approximately $2,055,000. 68.26% of the stock is owned by institutional investors.

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.