Equities Analysts Offer Predictions for Hall of Fame Resort & Entertainment’s Q1 2024 Earnings (NASDAQ:HOFV)

Hall of Fame Resort & Entertainment (NASDAQ:HOFV – Free Report) – Stock analysts at Singular Research issued their Q1 2024 earnings per share (EPS) estimates for shares of Hall of Fame Resort & Entertainment in a research note issued on Wednesday, April 3rd. Singular Research analyst D. Marsh anticipates that the company will post earnings per share of ($2.62) for the quarter. The consensus estimate for Hall of Fame Resort & Entertainment’s current full-year earnings is ($9.04) per share. Singular Research also issued estimates for Hall of Fame Resort & Entertainment’s Q2 2024 earnings at ($2.80) EPS, Q3 2024 earnings at ($2.22) EPS, Q4 2024 earnings at ($1.65) EPS and FY2024 earnings at ($9.04) EPS.

Hall of Fame Resort & Entertainment (NASDAQ:HOFV – Get Free Report) last issued its earnings results on Thursday, March 21st. The company reported ($2.60) earnings per share (EPS) for the quarter. Hall of Fame Resort & Entertainment had a negative return on equity of 44.24% and a negative net margin of 287.61%. The firm had revenue of $6.14 million during the quarter.

Hall of Fame Resort & Entertainment Stock Down 3.1 %

Shares of HOFV opened at $3.43 on Monday. Hall of Fame Resort & Entertainment has a 12-month low of $2.31 and a 12-month high of $12.42. The business’s fifty day moving average is $3.45 and its 200 day moving average is $3.53. The stock has a market cap of $22.30 million, a P/E ratio of -0.29 and a beta of 1.85.

Hedge Funds Weigh In On Hall of Fame Resort & Entertainment

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Hall of Fame Resort & Entertainment by 20.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,905,312 shares of the company’s stock valued at $1,600,000 after acquiring an additional 498,201 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Hall of Fame Resort & Entertainment by 526.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,586,500 shares of the company’s stock valued at $1,761,000 after acquiring an additional 1,333,200 shares in the last quarter. Millennium Management LLC bought a new position in Hall of Fame Resort & Entertainment during the 2nd quarter valued at $364,000. Goldman Sachs Group Inc. lifted its stake in Hall of Fame Resort & Entertainment by 225.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 115,851 shares of the company’s stock valued at $69,000 after acquiring an additional 80,305 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Hall of Fame Resort & Entertainment by 445.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 84,723 shares of the company’s stock valued at $47,000 after acquiring an additional 69,201 shares in the last quarter. 3.62% of the stock is currently owned by institutional investors.

About Hall of Fame Resort & Entertainment

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Hall of Fame Resort & Entertainment Company, a resort and entertainment company, doing business as the Pro Football Hall of Fame. It owns the premier sports, entertainment, and media enterprise surrounding the Pro Football Hall of Fame in Canton, Ohio. The company was founded in 2015 and is headquartered in Canton, Ohio.

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