Wall Street Zen Downgrades Smart Sand (NASDAQ:SND) to Buy

Smart Sand (NASDAQ:SND) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Smart Sand in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Smart Sand Stock Performance

SND opened at $3.86 on Friday. The business’s 50-day simple moving average is $2.96 and its 200 day simple moving average is $2.34. Smart Sand has a 52-week low of $1.76 and a 52-week high of $4.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.06 and a current ratio of 1.70. The firm has a market capitalization of $168.08 million, a PE ratio of 42.89 and a beta of 0.38.

Smart Sand (NASDAQ:SND) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.11. The firm had revenue of $0.09 million during the quarter, compared to the consensus estimate of $60.00 million. Smart Sand had a negative return on equity of 7.55% and a net margin of 1.16%. As a group, sell-side analysts expect that Smart Sand will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SND. Goldman Sachs Group Inc. acquired a new stake in Smart Sand during the first quarter worth approximately $26,000. Everstar Asset Management LLC bought a new position in shares of Smart Sand during the first quarter worth approximately $141,000. Empowered Funds LLC lifted its holdings in Smart Sand by 7.0% during the 1st quarter. Empowered Funds LLC now owns 161,480 shares of the company’s stock worth $418,000 after purchasing an additional 10,588 shares during the last quarter. Jane Street Group LLC boosted its stake in Smart Sand by 348.8% in the 1st quarter. Jane Street Group LLC now owns 81,013 shares of the company’s stock valued at $210,000 after purchasing an additional 62,961 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Smart Sand by 16.0% in the 1st quarter. Acadian Asset Management LLC now owns 824,744 shares of the company’s stock valued at $2,132,000 after purchasing an additional 113,612 shares during the period. Institutional investors and hedge funds own 35.21% of the company’s stock.

Smart Sand Company Profile

Smart Sand, Inc (NASDAQ:SND) is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company’s primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.

Smart Sand’s operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.