Oppenheimer Lowers Sony Group (NYSE:SONY) Price Target to $25.00

Sony Group (NYSE:SONY) had its target price lowered by investment analysts at Oppenheimer from $108.00 to $25.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 35.14% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. TD Cowen cut their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. StockNews.com raised Sony Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Daiwa America raised Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Stock Performance

Shares of Sony Group stock opened at $18.50 on Tuesday. The business has a 50-day moving average of $13.17 and a 200 day moving average of $6.87. Sony Group has a 12 month low of $15.02 and a 12 month high of $20.67. The stock has a market capitalization of $111.88 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 12.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.47.

Institutional Trading of Sony Group

A number of institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after purchasing an additional 972,075 shares in the last quarter. Clearbridge Investments LLC boosted its position in Sony Group by 1.2% during the first quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock worth $138,635,000 after purchasing an additional 18,487 shares in the last quarter. Mediolanum International Funds Ltd purchased a new stake in Sony Group during the third quarter worth $109,462,000. Marshall Wace LLP boosted its position in Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after purchasing an additional 838,543 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Sony Group by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 637,656 shares of the company’s stock worth $61,579,000 after purchasing an additional 2,974 shares in the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.