Splash Beverage Group’s (SBEV) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Splash Beverage Group (NYSEAMERICAN:SBEV) in a report published on Tuesday, Benzinga reports. Roth Mkm currently has a $1.00 price target on the stock.

Separately, HC Wainwright reissued a buy rating and issued a $1.00 price objective on shares of Splash Beverage Group in a report on Monday, August 26th.

Splash Beverage Group Stock Performance

NYSEAMERICAN:SBEV opened at $0.29 on Tuesday. Splash Beverage Group has a 52 week low of $0.20 and a 52 week high of $0.82. The stock has a market cap of $16.49 million, a PE ratio of -0.57 and a beta of -1.28.

Hedge Funds Weigh In On Splash Beverage Group

A number of hedge funds have recently modified their holdings of SBEV. Atria Wealth Solutions Inc. purchased a new stake in shares of Splash Beverage Group in the fourth quarter valued at about $25,000. Sanibel Captiva Trust Company Inc. acquired a new position in Splash Beverage Group during the first quarter worth $28,000. Finally, Choreo LLC boosted its position in shares of Splash Beverage Group by 4,390.0% during the 2nd quarter. Choreo LLC now owns 1,365,599 shares of the company’s stock worth $343,000 after purchasing an additional 1,335,185 shares in the last quarter. 5.77% of the stock is currently owned by hedge funds and other institutional investors.

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.