Esports Entertainment Group (NASDAQ:GMBL) Stock Price Down 7.7%

Esports Entertainment Group, Inc. (NASDAQ:GMBL) shares traded down 7.7% on Wednesday . The company traded as low as $0.72 and last traded at $0.72. 4,174 shares changed hands during trading, a decline of 98% from the average session volume of 251,281 shares. The stock had previously closed at $0.78.

Esports Entertainment Group Stock Performance

The stock’s 50 day moving average is $1.10 and its two-hundred day moving average is $9.15.

Esports Entertainment Group (NASDAQ:GMBL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($64.55) earnings per share (EPS) for the quarter. The company had revenue of $2.58 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GMBL. Renaissance Technologies LLC boosted its holdings in shares of Esports Entertainment Group by 458.6% in the first quarter. Renaissance Technologies LLC now owns 1,205,260 shares of the company’s stock valued at $871,000 after buying an additional 989,507 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Esports Entertainment Group by 29.0% in the first quarter. Vanguard Group Inc. now owns 303,916 shares of the company’s stock valued at $220,000 after buying an additional 68,351 shares during the period. Engineers Gate Manager LP boosted its holdings in shares of Esports Entertainment Group by 87.0% in the first quarter. Engineers Gate Manager LP now owns 64,184 shares of the company’s stock valued at $46,000 after buying an additional 29,864 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Esports Entertainment Group by 180.8% in the first quarter. Bank of New York Mellon Corp now owns 56,276 shares of the company’s stock valued at $41,000 after buying an additional 36,236 shares during the period. Finally, UBS Group AG acquired a new position in shares of Esports Entertainment Group in the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 51.37% of the company’s stock.

About Esports Entertainment Group

Esports Entertainment Group, Inc operates as an iGaming and entertainment company in the United States and internationally. It operates through two segments, EEG iGaming and EEG Games. The EEG iGaming segment operates iDefix, a casino platform. The EEG Games segment operates ggCircuit, a local area network center management software and services for managing mission critical functions, such as game licensing and payments; and creates esports content for distribution to the betting industry.