Westpark Capital started coverage on shares of SpringBig (NASDAQ:SBIG – Get Rating) in a research report report published on Wednesday, The Fly reports. The firm issued a buy rating on the stock.
Separately, Roth Capital restated a buy rating on shares of SpringBig in a report on Tuesday, January 24th.
SpringBig Stock Performance
NASDAQ:SBIG opened at $0.35 on Wednesday. The company has a debt-to-equity ratio of 51.02, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $9.33 million, a price-to-earnings ratio of -0.68 and a beta of 2.33. The company’s 50-day moving average is $0.63 and its two-hundred day moving average is $0.71. SpringBig has a 1-year low of $0.29 and a 1-year high of $5.44.
Hedge Funds Weigh In On SpringBig
Several large investors have recently made changes to their positions in SBIG. Millennium Management LLC acquired a new position in shares of SpringBig in the 2nd quarter worth approximately $467,000. Jane Street Group LLC purchased a new stake in SpringBig during the 2nd quarter worth approximately $55,000. Cantor Fitzgerald L. P. increased its stake in SpringBig by 159.0% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 1,341,883 shares of the company’s stock worth $1,261,000 after buying an additional 823,711 shares during the period. Finally, Neuberger Berman Group LLC purchased a new stake in SpringBig during the 3rd quarter worth approximately $116,000. 11.54% of the stock is currently owned by institutional investors and hedge funds.
SpringBig Holdings, Inc operates a software platform that provides customer loyalty and marketing automation solutions to cannabis retailers and brands in the United States and Canada. The company's platform connects consumers with retailers and brands through SMS marketing, emails, customer feedback system, and loyalty programs to support retailers and brands customer engagement and retention.
- Get a free copy of the StockNews.com research report on SpringBig (SBIG)
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