S&W Seed Company (SANW) Receives Average Rating of “Hold” from Brokerages
Shares of S&W Seed Company (NASDAQ:SANW) have been given a consensus rating of “Hold” by the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $5.50.
A number of research firms recently weighed in on SANW. B. Riley reissued a “buy” rating and set a $8.00 price target on shares of S&W Seed in a research note on Wednesday. Craig Hallum downgraded shares of S&W Seed from a “buy” rating to a “hold” rating and dropped their price target for the stock from $8.00 to $4.00 in a research note on Friday. Bank of America Corporation started coverage on shares of S&W Seed in a research note on Thursday, June 15th. They issued a “buy” rating for the company. Finally, ValuEngine downgraded shares of S&W Seed from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
S&W Seed (SANW) traded down 4.6719% on Friday, hitting $3.0505. 68,584 shares of the company were exchanged. S&W Seed has a one year low of $2.90 and a one year high of $5.35. The stock has a 50 day moving average price of $3.36 and a 200 day moving average price of $4.10. The firm’s market cap is $54.84 million.
S&W Seed (NASDAQ:SANW) last announced its earnings results on Thursday, September 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03). S&W Seed had a positive return on equity of 1.53% and a negative net margin of 0.46%. The company had revenue of $17.89 million for the quarter, compared to analyst estimates of $17.34 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. S&W Seed’s revenue for the quarter was down 48.3% on a year-over-year basis. On average, equities research analysts forecast that S&W Seed will post $0.01 EPS for the current fiscal year.
In related news, insider Mfp Partners Lp bought 375,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $3.20 per share, for a total transaction of $1,200,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Wynnefield Partners Small Cap bought 750,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were bought at an average price of $4.00 per share, with a total value of $3,000,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,321,900 shares of company stock valued at $5,019,104 and have sold 32,219 shares valued at $114,021. Company insiders own 12.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. B. Riley Financial Inc. increased its holdings in S&W Seed by 63.1% in the 2nd quarter. B. Riley Financial Inc. now owns 158,054 shares of the company’s stock valued at $656,000 after buying an additional 61,121 shares during the period. Kennedy Capital Management Inc. boosted its stake in shares of S&W Seed by 5.5% in the 2nd quarter. Kennedy Capital Management Inc. now owns 873,443 shares of the company’s stock valued at $3,625,000 after purchasing an additional 45,248 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of S&W Seed in the 2nd quarter valued at approximately $210,000. Cutter & CO Brokerage Inc. boosted its stake in shares of S&W Seed by 10.9% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 585,857 shares of the company’s stock valued at $2,431,000 after purchasing an additional 57,679 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its stake in shares of S&W Seed by 35.1% in the 2nd quarter. Essex Investment Management Co. LLC now owns 157,920 shares of the company’s stock valued at $655,000 after purchasing an additional 40,989 shares in the last quarter. 56.42% of the stock is currently owned by institutional investors and hedge funds.
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S&W Seed Company Profile
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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