Roth Mkm Cuts Splash Beverage Group (NYSEAMERICAN:SBEV) Price Target to $1.00

Splash Beverage Group (NYSEAMERICAN:SBEV) had its price target trimmed by Roth Mkm from $2.85 to $1.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, HC Wainwright reissued a buy rating and set a $1.00 target price on shares of Splash Beverage Group in a research note on Wednesday, May 22nd.

Splash Beverage Group Stock Up 2.5 %

Shares of SBEV stock opened at $0.25 on Tuesday. Splash Beverage Group has a 52-week low of $0.20 and a 52-week high of $1.18. The stock has a market capitalization of $12.11 million, a PE ratio of -0.51 and a beta of -1.31.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). Splash Beverage Group had a negative return on equity of 1,659.09% and a negative net margin of 150.64%. The company had revenue of $1.54 million during the quarter, compared to the consensus estimate of $5.21 million. As a group, equities research analysts expect that Splash Beverage Group will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Splash Beverage Group stock. Atria Wealth Solutions Inc. purchased a new position in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,500 shares of the company’s stock, valued at approximately $25,000. Atria Wealth Solutions Inc. owned about 0.10% of Splash Beverage Group at the end of the most recent reporting period. Institutional investors own 5.77% of the company’s stock.

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.