Splash Beverage Group (NYSEAMERICAN:SBEV) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Splash Beverage Group (NYSEAMERICAN:SBEV) in a research report report published on Tuesday, Benzinga reports. The firm currently has a $1.00 target price on the stock.

Separately, HC Wainwright reaffirmed a buy rating and issued a $1.00 target price on shares of Splash Beverage Group in a report on Monday, August 26th.

Splash Beverage Group Stock Performance

Shares of NYSEAMERICAN SBEV opened at $0.28 on Tuesday. The firm has a market capitalization of $16.03 million, a price-to-earnings ratio of -0.56 and a beta of -1.28. Splash Beverage Group has a 52-week low of $0.20 and a 52-week high of $0.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBEV. Atria Wealth Solutions Inc. bought a new stake in shares of Splash Beverage Group in the 4th quarter worth about $25,000. Sanibel Captiva Trust Company Inc. bought a new position in Splash Beverage Group during the 1st quarter valued at about $28,000. Finally, Choreo LLC raised its position in Splash Beverage Group by 4,390.0% in the 2nd quarter. Choreo LLC now owns 1,365,599 shares of the company’s stock worth $343,000 after purchasing an additional 1,335,185 shares during the period. Hedge funds and other institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa DI Vino name; and Pulpoloco Sangria.