Brera Stock to Reverse Split on Thursday, May 14th (NASDAQ:SLMT)

Brera Holdings PLC (NASDAQ:SLMT) shares are scheduled to reverse split on Thursday, May 14th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 13th.

Brera Trading Down 5.1%

Shares of Brera stock traded down $0.04 during trading on Wednesday, hitting $0.69. 482,289 shares of the stock traded hands, compared to its average volume of 624,814. Brera has a 52-week low of $0.66 and a 52-week high of $52.95. The firm’s fifty day moving average is $0.89.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Brera

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC acquired a new stake in Brera in the fourth quarter worth about $16,998,000. Electric Capital Partners LLC acquired a new stake in Brera in the fourth quarter worth about $12,155,000. Anatole Investment Management Ltd acquired a new stake in Brera in the fourth quarter worth about $10,389,000. Alyeska Investment Group L.P. acquired a new stake in Brera in the fourth quarter worth about $5,293,000. Finally, Arrington Capital Management LLC acquired a new stake in Brera in the fourth quarter worth about $2,055,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.