HC Wainwright Reiterates Buy Rating for Splash Beverage Group (NYSEAMERICAN:SBEV)

Splash Beverage Group (NYSEAMERICAN:SBEV)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a report released on Wednesday, Benzinga reports. They presently have a $1.00 price target on the stock. HC Wainwright’s target price suggests a potential upside of 292.31% from the stock’s current price.

Splash Beverage Group Price Performance

Shares of SBEV stock opened at $0.25 on Wednesday. Splash Beverage Group has a 1-year low of $0.23 and a 1-year high of $1.28. The company has a market cap of $12.15 million, a PE ratio of -0.46 and a beta of -1.22.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its earnings results on Friday, March 29th. The company reported ($0.14) earnings per share (EPS) for the quarter. Splash Beverage Group had a negative net margin of 150.64% and a negative return on equity of 1,659.09%. The company had revenue of $2.69 million during the quarter, compared to analyst estimates of $5.99 million. On average, sell-side analysts forecast that Splash Beverage Group will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Splash Beverage Group

A hedge fund recently bought a new stake in Splash Beverage Group stock. Atria Wealth Solutions Inc. purchased a new stake in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 45,500 shares of the company’s stock, valued at approximately $25,000. Atria Wealth Solutions Inc. owned 0.10% of Splash Beverage Group as of its most recent filing with the SEC. Institutional investors and hedge funds own 5.77% of the company’s stock.

About Splash Beverage Group

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa DI Vino name; and Pulpoloco Sangria.