Splash Beverage Group’s (SBEV) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Splash Beverage Group (NYSEAMERICAN:SBEV) in a research report released on Monday morning, Benzinga reports. The firm currently has a $1.00 target price on the stock. HC Wainwright also issued estimates for Splash Beverage Group’s Q3 2024 earnings at ($0.07) EPS, Q4 2024 earnings at ($0.05) EPS, FY2024 earnings at ($0.32) EPS and FY2025 earnings at ($0.09) EPS.

Separately, Roth Mkm cut their price target on Splash Beverage Group from $2.85 to $1.00 and set a buy rating for the company in a research note on Tuesday, June 25th.

Splash Beverage Group Price Performance

Shares of SBEV stock opened at $0.30 on Monday. Splash Beverage Group has a twelve month low of $0.20 and a twelve month high of $0.82. The company has a market cap of $17.31 million, a P/E ratio of -0.60 and a beta of -1.30.

Institutional Investors Weigh In On Splash Beverage Group

Hedge funds have recently modified their holdings of the company. Atria Wealth Solutions Inc. acquired a new stake in Splash Beverage Group during the fourth quarter worth $25,000. Sanibel Captiva Trust Company Inc. purchased a new position in shares of Splash Beverage Group during the 1st quarter worth $28,000. Finally, Choreo LLC increased 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 during the last quarter. Hedge funds and other institutional investors 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.