HC Wainwright Cuts Splash Beverage Group (NYSEAMERICAN:SBEV) Price Target to $0.50

Splash Beverage Group (NYSEAMERICAN:SBEV) had its price target trimmed by HC Wainwright from $1.00 to $0.50 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Roth Mkm reaffirmed a “buy” rating and set a $1.00 price target on shares of Splash Beverage Group in a report on Tuesday, September 3rd.

Splash Beverage Group Stock Performance

NYSEAMERICAN SBEV opened at $0.19 on Friday. Splash Beverage Group has a 1 year low of $0.14 and a 1 year high of $0.73. The firm has a market cap of $12.00 million, a price-to-earnings ratio of -0.45 and a beta of -1.26.

Institutional Investors Weigh In On Splash Beverage Group

An institutional investor recently raised its position in Splash Beverage Group stock. Choreo LLC raised its holdings in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,365,599 shares of the company’s stock after purchasing an additional 1,335,185 shares during the quarter. Choreo LLC owned 2.63% of Splash Beverage Group worth $343,000 as of its most recent SEC filing. 5.77% of the stock is owned by institutional investors.

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.