S&W Seed Company (SANW) Given Average Rating of “Hold” by Brokerages
S&W Seed Company (NASDAQ:SANW) has earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.13.
Several research analysts have recently commented on SANW shares. ValuEngine cut shares of S&W Seed from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. B. Riley reissued a “buy” rating and issued a $6.50 price objective on shares of S&W Seed in a research note on Monday, September 18th. Finally, Craig Hallum cut shares of S&W Seed from a “buy” rating to a “hold” rating and decreased their price objective for the company from $8.00 to $4.00 in a research note on Friday, September 15th.
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In related news, insider Mfp Partners Lp bought 375,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $3.20 per share, for a total transaction of $1,200,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of SANW. Neuberger Berman Group LLC acquired a new stake in S&W Seed in the second quarter valued at approximately $210,000. Wellington Management Group LLP lifted its holdings in shares of 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 period. Essex Investment Management Co. LLC lifted its holdings in shares of 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 period. B. Riley Financial Inc. lifted its holdings in shares of 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 period. Finally, Cutter & CO Brokerage Inc. lifted its holdings in shares of S&W Seed by 10.9% during the second quarter. Cutter & CO Brokerage Inc. now owns 585,857 shares of the company’s stock worth $2,431,000 after purchasing an additional 57,679 shares during the period. Hedge funds and other institutional investors own 52.84% of the company’s stock.
Shares of S&W Seed (NASDAQ:SANW) opened at $3.05 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.49 and a current ratio of 1.11.
S&W Seed (NASDAQ:SANW) last announced its earnings results on Thursday, September 14th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.03). S&W Seed had a negative return on equity of 2.67% and a negative net margin of 15.68%. The business had revenue of $17.89 million for the quarter, compared to the consensus estimate of $17.34 million. During the same period in the prior year, the business posted $0.08 earnings per share. The firm’s revenue for the quarter was down 48.3% compared to the same quarter last year. research analysts expect that S&W Seed will post -0.1 EPS for the current fiscal year.
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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