S&W Seed Company (SANW) Receives $5.13 Average PT from Brokerages
S&W Seed Company (NASDAQ:SANW) has received an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.13.
SANW has been the topic of several recent analyst reports. ValuEngine lowered S&W Seed from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Craig Hallum downgraded S&W Seed from a “buy” rating to a “hold” rating and cut their price objective for the company from $8.00 to $4.00 in a report on Friday, September 15th. Finally, B. Riley reissued a “buy” rating and set a $6.50 price objective on shares of S&W Seed in a report on Wednesday, October 4th.
Shares of S&W Seed (SANW) remained flat at $$3.05 on Friday. 10,134 shares of the company’s stock traded hands, compared to its average volume of 45,082. S&W Seed has a 1-year low of $2.90 and a 1-year high of $5.20. The company has a quick ratio of 0.49, a current ratio of 1.11 and a debt-to-equity ratio of 0.02.
S&W Seed (NASDAQ:SANW) last issued its quarterly earnings results on Thursday, September 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $17.89 million during the quarter, compared to the consensus estimate of $17.34 million. During the same quarter in the previous year, the business posted $0.08 EPS. The company’s revenue for the quarter was down 48.3% on a year-over-year basis. sell-side analysts expect that S&W Seed will post -0.1 earnings per share for the current year.
In other news, insider Mfp Partners Lp acquired 375,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $3.20 per share, with a total value of $1,200,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 12.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC acquired a new position in S&W Seed during the 2nd quarter worth about $210,000. Wellington Management Group LLP raised its position in shares of S&W Seed by 63.7% in the 1st quarter. Wellington Management Group LLP now owns 56,268 shares of the company’s stock worth $279,000 after acquiring an additional 21,904 shares in the last quarter. Essex Investment Management Co. LLC raised its position 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 worth $655,000 after acquiring an additional 40,989 shares in the last quarter. B. Riley Financial Inc. raised its position in shares of S&W Seed by 63.1% in the 2nd quarter. B. Riley Financial Inc. now owns 158,054 shares of the company’s stock worth $656,000 after acquiring an additional 61,121 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. raised its position 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 worth $2,431,000 after acquiring an additional 57,679 shares in the last quarter. 52.09% of the stock is currently owned by hedge funds and other institutional investors.
About S&W Seed
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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