Peak Resorts, Inc. (NASDAQ:SKIS)‘s stock had its “buy” rating reaffirmed by investment analysts at Oppenheimer Holdings, Inc. in a research note issued on Thursday. They currently have a $7.00 target price on the stock. Oppenheimer Holdings, Inc.’s price objective suggests a potential upside of 41.41% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on SKIS. Zacks Investment Research upgraded Peak Resorts from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 24th. ValuEngine cut Peak Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, May 27th. Stifel Nicolaus decreased their price target on Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, June 23rd. Macquarie lowered Peak Resorts from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $7.00 to $5.00 in a report on Wednesday, July 19th. Finally, FBR & Co reissued a “buy” rating on shares of Peak Resorts in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.29.

Peak Resorts (NASDAQ SKIS) traded down 5.05% during mid-day trading on Thursday, reaching $4.70. The company’s stock had a trading volume of 34,478 shares. The stock’s 50 day moving average price is $5.00 and its 200 day moving average price is $5.15. Peak Resorts has a 1-year low of $3.90 and a 1-year high of $6.20. The stock has a market capitalization of $65.72 million, a P/E ratio of 156.67 and a beta of 1.05.

Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings results on Wednesday, September 6th. The company reported ($0.64) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.57) by $0.07. Peak Resorts had a net margin of 0.36% and a return on equity of 0.68%. The company had revenue of $7.50 million for the quarter, compared to the consensus estimate of $7.22 million. During the same quarter in the prior year, the company earned ($0.56) earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that Peak Resorts will post $0.14 EPS for the current fiscal year.

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In other Peak Resorts news, major shareholder Cap 1 Llc acquired 152,400 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was bought at an average price of $4.82 per share, with a total value of $734,568.00. Following the completion of the acquisition, the insider now owns 1,416,013 shares of the company’s stock, valued at $6,825,182.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 803,753 shares of company stock valued at $4,165,497 in the last three months. 16.52% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of SKIS. Essex Investment Management Co. LLC grew its holdings in shares of Peak Resorts by 23.9% during the second quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock worth $123,000 after purchasing an additional 5,808 shares in the last quarter. Spark Investment Management LLC purchased a new stake in Peak Resorts in the second quarter worth approximately $251,000. Pinnacle Associates Ltd. boosted its stake in Peak Resorts by 29.5% in the second quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after buying an additional 22,960 shares in the last quarter. Bard Associates Inc. boosted its stake in Peak Resorts by 0.5% in the first quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock worth $673,000 after buying an additional 600 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Peak Resorts by 56.5% in the first quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock worth $732,000 after buying an additional 46,801 shares in the last quarter. 47.55% of the stock is owned by institutional investors.

Peak Resorts Company Profile

Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.

Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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