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

Splash Beverage Group (NYSEAMERICAN:SBEV) had its price objective reduced by investment analysts at HC Wainwright from $1.00 to $0.50 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price would indicate a potential upside of 152.53% from the company’s previous close.

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

Splash Beverage Group Price Performance

SBEV stock opened at $0.20 on Friday. Splash Beverage Group has a 52-week low of $0.14 and a 52-week high of $0.73. The firm has a market cap of $12.22 million, a PE ratio of -0.46 and a beta of -1.26.

Hedge Funds Weigh In On Splash Beverage Group

A hedge fund recently raised its stake in Splash Beverage Group stock. Choreo LLC grew its stake in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 2.63% of Splash Beverage Group worth $343,000 at the end of the most recent quarter. 5.77% of the stock is owned by 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.