Ron Sade Purchases 1,149,000 Shares of Brera (NASDAQ:SLMT) Stock

Brera Holdings PLC (NASDAQ:SLMT) CEO Ron Sade acquired 1,149,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $4.97 per share, with a total value of $5,710,530.00. Following the purchase, the chief executive officer directly owned 1,340,646 shares in the company, valued at $6,663,010.62. This represents a 599.54% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Brera Stock Performance

Shares of Brera stock opened at $5.77 on Friday. Brera Holdings PLC has a 52-week low of $4.28 and a 52-week high of $529.50. The company has a fifty day moving average of $71.58 and a 200-day moving average of $165.20. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.02.

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

Institutional Investors Weigh In On Brera

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Weiss Asset Management LP raised its holdings in Brera by 2.6% during the 1st quarter. Weiss Asset Management LP now owns 290,531 shares of the company’s stock valued at $228,000 after buying an additional 7,266 shares during the last quarter. HighTower Advisors LLC bought a new stake in Brera during the 4th quarter valued at $28,000. Millennium Management LLC bought a new stake in Brera during the 4th quarter valued at $41,000. Engineers Gate Manager LP bought a new stake in Brera during the 4th quarter valued at $62,000. Finally, PEAK6 LLC bought a new stake in Brera during the 4th quarter valued at $93,000. 68.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brera in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Brera presently has an average rating of “Sell”.

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.