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SFX Entertainment (NASDAQ:SFXE) was the recipient of some unusual options trading on Thursday. Investors bought 317 call options on the company, StockRatingsNetwork reports. This represents an increase of 128% compared to the typical daily volume of 139 call options.

Separately, analysts at Albert Fried & Company initiated coverage on shares of SFX Entertainment in a research note on Monday, June 30th. They set an “overweight” rating and a $11.00 price target on the stock.

SFX Entertainment (NASDAQ:SFXE) traded down 1.73% during mid-day trading on Thursday, hitting $6.80. 197,703 shares of the company’s stock traded hands. SFX Entertainment has a 52 week low of $5.41 and a 52 week high of $13.39. The stock’s 50-day moving average is $7.32 and its 200-day moving average is $7.64. The company’s market cap is $606.8 million.

SFX Entertainment (NASDAQ:SFXE) last announced its earnings results on Thursday, May 15th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.56. The company had revenue of $33.30 million for the quarter, compared to the consensus estimate of $10.15 million. On average, analysts predict that SFX Entertainment will post $-0.80 earnings per share for the current fiscal year.

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