Splash Beverage Group (NYSEAMERICAN:SBEV) Given New $0.50 Price Target at HC Wainwright

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

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

Splash Beverage Group Stock Performance

Shares of SBEV stock opened at $0.19 on Friday. Splash Beverage Group has a twelve month low of $0.14 and a twelve month high of $0.73. The firm has a market cap of $12.00 million, a P/E ratio of -0.45 and a beta of -1.26.

Hedge Funds Weigh In On Splash Beverage Group

An institutional investor recently raised its position in Splash Beverage Group stock. Choreo LLC boosted its holdings in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,365,599 shares of the company’s stock after acquiring an additional 1,335,185 shares during the quarter. Choreo LLC owned 2.63% of Splash Beverage Group worth $343,000 at the end of the most recent quarter. 5.77% of the stock is currently owned by hedge funds and other 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.