Splash Beverage Group (NYSEAMERICAN:SBEV) Price Target Lowered to $0.50 at HC Wainwright

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

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

Splash Beverage Group Stock Down 1.8 %

Shares of NYSEAMERICAN:SBEV opened at $0.19 on Friday. The company has a market capitalization of $12.00 million, a P/E ratio of -0.45 and a beta of -1.26. Splash Beverage Group has a one year low of $0.14 and a one year high of $0.73.

Hedge Funds Weigh In On Splash Beverage Group

A hedge fund recently raised its stake in Splash Beverage Group stock. Choreo LLC boosted its position in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,365,599 shares of the company’s stock after buying an additional 1,335,185 shares during the period. Choreo LLC owned approximately 2.63% of Splash Beverage Group worth $343,000 at the end of the most recent 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.