Splash Beverage Group (NYSEAMERICAN:SBEV) Price Target Lowered to $1.00 at Roth Mkm

Splash Beverage Group (NYSEAMERICAN:SBEV) had its price target reduced by Roth Mkm from $2.85 to $1.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Separately, HC Wainwright restated a buy rating and issued a $1.00 price target on shares of Splash Beverage Group in a report on Wednesday, May 22nd.

Splash Beverage Group Stock Down 3.1 %

Shares of NYSEAMERICAN SBEV opened at $0.25 on Tuesday. Splash Beverage Group has a twelve month low of $0.20 and a twelve month high of $1.18. The firm has a market capitalization of $11.72 million, a PE ratio of -0.49 and a beta of -1.31.

Splash Beverage Group (NYSEAMERICAN:SBEV) last released its earnings results on Wednesday, May 15th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The firm had revenue of $1.54 million during the quarter, compared to analysts’ expectations of $5.21 million. Splash Beverage Group had a negative return on equity of 1,659.09% and a negative net margin of 150.64%. As a group, research analysts anticipate that Splash Beverage Group will post -0.34 EPS for the current year.

Institutional Trading of Splash Beverage Group

An institutional investor recently bought a new position in Splash Beverage Group stock. Atria Wealth Solutions Inc. bought a new stake in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 45,500 shares of the company’s stock, valued at approximately $25,000. Atria Wealth Solutions Inc. owned about 0.10% of Splash Beverage Group at the end of the most recent quarter. Institutional investors and hedge funds own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

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.