Emerald Holding (EEX)

• Market cap: $972M
• 1 day: 3.01%
• 5 days: 0.21%
• 1 month: 2.35%
• 3 months: 8.86%
• 6 months: -25.16%
• Year to date: -18.40%
• 1 year: -12.27%
• 5 years: -54.51%
• 10 years: -75.44%
• Sector: Industrials
• Industry: Business Services

About: Emerald Holding Inc is an operator of B2B trade shows in the United States. The company is engaged in three complementary business lines; Connections division consists of a collection of B2B trade show franchises and other live events that provide exhibitors opportunities to engage with buyers and expand their brand's awareness in their industry, Content division consists of B2B print publications and digital media products that complement existing trade show properties, and the Commerce division which offers software-as-a-service technology that enables year-round B2B buying and selling through Elastic Suite and Bulletin platforms for use by its customers. Majority of the revenue for the company is generated from its Connections segment.

Employees: 673

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

150% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 12

144% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 9

20% more funds holding

Funds holding: 65 [Q2] → 78 (+13) [Q3]

1.42% less ownership

Funds ownership: 7.69% [Q2] → 6.26% (-1.42%) [Q3]

29% less capital invested

Capital invested by funds: $89.2M [Q2] → $63.6M (-$25.6M) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

99% less call options, than puts

Call options by funds: $12K | Put options by funds: $1.75M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7.80 63% upside
• Avg. target: $7.90 65% upside
• High target: $8 67% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Maxim Group Allen Klee 60% 1-year accuracy 9 / 15 met price target	67% upside $8	Buy Maintained	31 Oct 2024
Rosenblatt Barton Crockett 74% 1-year accuracy 40 / 54 met price target	63% upside $7.80	Buy Maintained	31 Oct 2024