S&W Seed Company (SANW) Downgraded to Hold at Craig Hallum
S&W Seed Company (NASDAQ:SANW) was downgraded by Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Friday. They currently have a $4.00 target price on the stock, down from their prior target price of $8.00. Craig Hallum’s price target points to a potential upside of 23.08% from the company’s previous close.
Several other equities research analysts have also recently commented on the stock. B. Riley cut their price objective on shares of S&W Seed from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Wednesday. ValuEngine cut shares of S&W Seed from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Bank of America Corporation started coverage on shares of S&W Seed in a research report on Thursday, June 15th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.13.
Shares of S&W Seed (NASDAQ:SANW) traded up 1.56% during mid-day trading on Friday, hitting $3.25. The company had a trading volume of 174,585 shares. S&W Seed has a one year low of $2.90 and a one year high of $5.35. The company’s market capitalization is $58.43 million. The firm’s 50-day moving average price is $3.35 and its 200 day moving average price is $4.10.
S&W Seed (NASDAQ:SANW) last posted its quarterly earnings data on Thursday, September 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The company had revenue of $17.89 million during the quarter, compared to the consensus estimate of $17.34 million. S&W Seed had a negative net margin of 0.46% and a positive return on equity of 1.53%. The company’s revenue was down 48.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. Analysts predict that S&W Seed will post $0.01 earnings per share for the current fiscal year.
In other S&W Seed news, insider Mark S. Grewal sold 29,938 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $3.50, for a total transaction of $104,783.00. Following the sale, the insider now directly owns 160,879 shares of the company’s stock, valued at approximately $563,076.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mfp Partners Lp purchased 375,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average cost of $3.20 per share, for a total transaction of $1,200,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,321,900 shares of company stock worth $5,019,104 and have sold 32,219 shares worth $114,021. Insiders own 12.10% of the company’s stock.
Large investors have recently modified their holdings of the business. Essex Investment Management Co. LLC lifted its position in S&W Seed by 35.1% during the 2nd quarter. Essex Investment Management Co. LLC now owns 157,920 shares of the company’s stock worth $655,000 after buying an additional 40,989 shares in the last quarter. Wellington Management Group LLP lifted its position in S&W Seed by 63.7% during the 1st quarter. Wellington Management Group LLP now owns 56,268 shares of the company’s stock worth $279,000 after buying an additional 21,904 shares in the last quarter. Kennedy Capital Management Inc. lifted its position in S&W Seed by 1.2% during the 1st quarter. Kennedy Capital Management Inc. now owns 828,195 shares of the company’s stock worth $4,100,000 after buying an additional 9,437 shares in the last quarter. S Squared Technology LLC bought a new stake in S&W Seed during the 1st quarter worth about $469,000. Finally, Thomson Horstmann & Bryant Inc. lifted its position in S&W Seed by 13.1% during the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 605,985 shares of the company’s stock worth $2,514,000 after buying an additional 70,195 shares in the last quarter. 56.42% of the stock is currently owned by hedge funds and other institutional investors.
About S&W Seed
S&W Seed Company (S&W) is a global agricultural company. The Company focuses on the breeding, production and sale of alfalfa seed. In addition to its primary activities in alfalfa seed, it also offers hybrid sorghum and sunflower seed germplasm. As of June 30, 2016, the Company sold its alfalfa seed varieties in more than 30 countries across the globe.
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