S&W Seed Company (NASDAQ:SANW)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a research note issued on Wednesday. They presently have a $6.50 price objective on the stock. B. Riley’s target price would indicate a potential upside of 100.00% from the company’s previous close.

The analysts wrote, “We reason stockholders could receive 1 right for every 6 shares, assuming approximately 20.7MM SANW shares are outstanding ahead of the offering.””

A number of other analysts also recently weighed in on the company. Craig Hallum downgraded S&W Seed from a “buy” rating to a “hold” rating and decreased their price target for the company from $8.00 to $4.00 in a research note on Friday, September 15th. ValuEngine downgraded S&W Seed from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Bank of America Corporation began coverage on S&W Seed in a research note on Thursday, June 15th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.13.

Shares of S&W Seed (SANW) traded up 3.17% on Wednesday, hitting $3.25. The stock had a trading volume of 135,853 shares. The firm’s 50-day moving average is $3.26 and its 200-day moving average is $3.98. The company’s market cap is $67.25 million. S&W Seed has a one year low of $2.90 and a one year high of $5.35.

S&W Seed (NASDAQ:SANW) last announced its earnings results on Thursday, September 14th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). S&W Seed had a negative net margin of 15.68% and a negative return on equity of 2.67%. The company had revenue of $17.89 million during the quarter, compared to analysts’ expectations of $17.34 million. During the same quarter last year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was down 48.3% compared to the same quarter last year. On average, analysts expect that S&W Seed will post ($0.09) EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/04/sw-seed-company-sanw-rating-reiterated-by-b-riley.html.

In other news, insider Mfp Partners Lp acquired 375,000 shares of S&W Seed stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $3.20 per share, with a total value of $1,200,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Wynnefield Partners Small Cap acquired 750,000 shares of S&W Seed stock in a transaction that occurred on Wednesday, July 19th. The shares were purchased at an average cost of $4.00 per share, with a total value of $3,000,000.00. The disclosure for this purchase can be found here. 12.10% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Kennedy Capital Management Inc. raised its holdings in S&W Seed by 5.5% during the second quarter. Kennedy Capital Management Inc. now owns 873,443 shares of the company’s stock worth $3,625,000 after purchasing an additional 45,248 shares during the last quarter. Essex Investment Management Co. LLC raised its holdings in S&W Seed by 35.1% during the second quarter. Essex Investment Management Co. LLC now owns 157,920 shares of the company’s stock worth $655,000 after purchasing an additional 40,989 shares during the last quarter. Wellington Management Group LLP raised its holdings in S&W Seed by 63.7% during the first quarter. Wellington Management Group LLP now owns 56,268 shares of the company’s stock worth $279,000 after purchasing an additional 21,904 shares during the last quarter. B. Riley Financial Inc. raised its holdings in S&W Seed by 63.1% during the second quarter. B. Riley Financial Inc. now owns 158,054 shares of the company’s stock worth $656,000 after purchasing an additional 61,121 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. raised its holdings in S&W Seed by 13.1% during the second quarter. Thomson Horstmann & Bryant Inc. now owns 605,985 shares of the company’s stock worth $2,514,000 after purchasing an additional 70,195 shares during the last quarter. 55.60% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for S&W Seed (NASDAQ:SANW)

Receive News & Ratings for S&W Seed Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&W Seed Company and related companies with MarketBeat.com's FREE daily email newsletter.