Allied Gaming & Entertainment (NASDAQ:AIFA) Upgraded by Wall Street Zen to Sell Rating

Allied Gaming & Entertainment (NASDAQ:AIFA) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Sunday.

Separately, Weiss Ratings upgraded Allied Gaming & Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Allied Gaming & Entertainment currently has an average rating of “Sell”.

Allied Gaming & Entertainment Stock Performance

NASDAQ AIFA opened at $2.41 on Friday. The stock has a 50-day simple moving average of $2.79 and a 200 day simple moving average of $2.27. The company has a market capitalization of $15.38 million, a PE ratio of -0.47 and a beta of 2.29. Allied Gaming & Entertainment has a 12 month low of $1.51 and a 12 month high of $19.88.

Institutional Trading of Allied Gaming & Entertainment

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Allied Gaming & Entertainment by 14.4% during the 2nd quarter. Geode Capital Management LLC now owns 244,608 shares of the company’s stock worth $634,000 after buying an additional 30,706 shares during the period. Corient Private Wealth LLC bought a new position in Allied Gaming & Entertainment during the fourth quarter worth about $262,000. Susquehanna International Group LLP acquired a new position in Allied Gaming & Entertainment in the third quarter valued at about $90,000. Virtu Financial LLC acquired a new position in Allied Gaming & Entertainment in the third quarter valued at about $27,000. Finally, XTX Topco Ltd bought a new stake in shares of Allied Gaming & Entertainment in the fourth quarter worth about $26,000. Institutional investors own 3.21% of the company’s stock.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment, Inc is a digital media and technology company focused on the development, production and distribution of live amateur sports content in the United States. The company’s flagship InPlay Sports division secures rights to high school and collegiate athletic events and streams those competitions across linear and digital channels. Through strategic partnerships with regional school conferences and venues, Allied Gaming aims to expand the reach of under-served amateur athletics audiences while creating new content monetization opportunities.

Allied’s content portfolio spans live event coverage, on-demand highlights and studio productions designed for distribution on television, web and mobile platforms.