SodaStream International Ltd. (NASDAQ:SODA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “SodaStream International Ltd. is engaged in the manufacture of home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. The Company develops, manufactures and sells soda makers and exchangeable carbon-dioxide (CO 2) cylinders, as well as consumables, consisting of CO 2 refills, reusable carbonation bottles and flavors to add to the carbonated water. Its products are sold under the brand name SodaStream and Soda-Club. SodaStream’s products are environmentally friendly, cost effective, promote health and wellness, and are customizable and fun to use. In addition, the Company’s products offer convenience by eliminating the need to carry bottles home from the supermarket, to store bottles at home or to regularly dispose of empty bottles. SodaStream International Ltd. is headquartered in Airport City, Israel. “

SODA has been the subject of several other research reports. Jefferies Group LLC set a $55.00 target price on shares of SodaStream International and gave the stock a “hold” rating in a research note on Saturday, July 29th. ValuEngine downgraded shares of SodaStream International from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of SodaStream International from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $90.00 target price (up previously from $88.00) on shares of SodaStream International in a research note on Tuesday. Finally, UBS AG upgraded shares of SodaStream International from a “neutral” rating to a “positive” rating in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $63.50.

SodaStream International (NASDAQ SODA) traded down 0.79% during mid-day trading on Wednesday, reaching $60.14. 52,976 shares of the company’s stock were exchanged. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 24.65 and a beta of 1.22. SodaStream International has a 52-week low of $23.77 and a 52-week high of $67.75. The company has a 50-day moving average of $60.88 and a 200-day moving average of $55.79.

SodaStream International (NASDAQ:SODA) last posted its earnings results on Wednesday, August 2nd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.13. The firm had revenue of $130.60 million during the quarter, compared to the consensus estimate of $129.33 million. SodaStream International had a net margin of 11.89% and a return on equity of 14.86%. The company’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. Equities research analysts anticipate that SodaStream International will post $2.44 earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in SodaStream International by 253.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,764 shares of the company’s stock valued at $148,000 after acquiring an additional 1,981 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in SodaStream International by 5.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,298 shares of the company’s stock valued at $177,000 after acquiring an additional 185 shares in the last quarter. First Allied Advisory Services Inc. purchased a new position in SodaStream International during the second quarter valued at approximately $226,000. Caxton Associates LP purchased a new position in SodaStream International during the first quarter valued at approximately $243,000. Finally, Private Advisory Group LLC purchased a new position in SodaStream International during the first quarter valued at approximately $246,000. 47.71% of the stock is owned by institutional investors.

About SodaStream International

SodaStream International Ltd. is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).

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