HC Wainwright Issues Pessimistic Forecast for Splash Beverage Group (NYSEAMERICAN:SBEV) Stock Price

Splash Beverage Group (NYSEAMERICAN:SBEV) had its price target reduced by HC Wainwright from $1.00 to $0.50 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target would indicate a potential upside of 156.41% from the company’s previous close.

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

Splash Beverage Group Price Performance

NYSEAMERICAN:SBEV opened at $0.20 on Friday. The stock has a market capitalization of $12.03 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.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Splash Beverage Group stock. Choreo LLC increased its holdings in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,365,599 shares of the company’s stock after buying an additional 1,335,185 shares during the quarter. Choreo LLC owned 2.63% of Splash Beverage Group worth $343,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.