Prospera Financial Services Inc Takes $211,000 Position in Topgolf Callaway Brands Corp. (NYSE:MODG)

Prospera Financial Services Inc bought a new position in Topgolf Callaway Brands Corp. (NYSE:MODG) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,243 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently bought and sold shares of MODG. Fifth Third Bancorp lifted its holdings in shares of Topgolf Callaway Brands by 327.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,527 shares of the company’s stock worth $39,000 after acquiring an additional 1,936 shares during the period. nVerses Capital LLC bought a new position in Topgolf Callaway Brands during the third quarter worth about $133,000. Dnca Finance acquired a new stake in Topgolf Callaway Brands during the second quarter valued at approximately $134,000. Koss Olinger Consulting LLC bought a new stake in shares of Topgolf Callaway Brands in the 2nd quarter valued at approximately $160,000. Finally, Simon Quick Advisors LLC acquired a new position in shares of Topgolf Callaway Brands in the 2nd quarter worth approximately $161,000. Institutional investors and hedge funds own 84.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on MODG shares. Truist Financial lowered their price target on Topgolf Callaway Brands from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. TD Cowen dropped their target price on shares of Topgolf Callaway Brands from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, September 17th. The Goldman Sachs Group reduced their price target on shares of Topgolf Callaway Brands from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. KeyCorp lowered shares of Topgolf Callaway Brands from an “overweight” rating to a “sector weight” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Topgolf Callaway Brands from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.92.

Topgolf Callaway Brands Stock Up 3.0 %

NYSE:MODG opened at $8.85 on Tuesday. The stock’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $12.45. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -110.61, a P/E/G ratio of 5.84 and a beta of 1.75. Topgolf Callaway Brands Corp. has a 52-week low of $7.95 and a 52-week high of $16.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.93.

Topgolf Callaway Brands Profile

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.