Brera (NASDAQ:SLMT) Shares Down 5% – Here’s Why

Brera Holdings PLC (NASDAQ:SLMT) was down 5% during trading on Friday . The company 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 daily volume of 88,202 shares. The stock had previously closed at $5.15.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brera in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Brera Stock Performance

The firm’s fifty day simple moving average is $26.34 and its 200 day simple moving average is $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 quarterly earnings data on Saturday, May 16th. The company reported ($915.90) earnings per share (EPS) for the quarter.

Insider Activity at Brera

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

Institutional Inflows and Outflows

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

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.