The Hain Celestial Group (NASDAQ:HAIN) Shares Gap Up to $6.83

The Hain Celestial Group, Inc. (NASDAQ:HAIN)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $6.83, but opened at $7.31. The Hain Celestial Group shares last traded at $9.16, with a volume of 2,561,008 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HAIN shares. DA Davidson lowered their price objective on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, May 16th. Piper Sandler cut their price objective on shares of The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Barclays decreased their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Mizuho cut their price target on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, Maxim Group decreased their price objective on shares of The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.78.

The Hain Celestial Group Stock Up 30.2 %

The company’s 50-day simple moving average is $7.07 and its two-hundred day simple moving average is $7.50. The firm has a market capitalization of $798.71 million, a P/E ratio of -8.98 and a beta of 0.77. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.07.

Hedge Funds Weigh In On The Hain Celestial Group

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after purchasing an additional 2,226 shares during the period. nVerses Capital LLC lifted its holdings in The Hain Celestial Group by 161.1% during the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after purchasing an additional 2,900 shares in the last quarter. CWM LLC increased its stake in shares of The Hain Celestial Group by 357.8% in the second quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after purchasing an additional 6,895 shares in the last quarter. Choreo LLC bought a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at $71,000. Finally, Evergreen Capital Management LLC bought a new stake in The Hain Celestial Group during the second quarter valued at about $72,000. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.