Investment analysts at Piper Jaffray Cos. began coverage on shares of Smart Sand Inc (NYSE:SND) in a research note issued on Tuesday. The brokerage set an “overweight” rating and a $13.25 price target on the stock. Piper Jaffray Cos.’s price objective would indicate a potential downside of 3.07% from the company’s current price.

Separately, Goldman Sachs Group Inc. initiated coverage on Smart Sand in a report on Tuesday. They issued a “buy” rating and a $17.00 target price on the stock.

Shares of Smart Sand (NYSE:SND) opened at 13.67 on Tuesday. The company has a 50-day moving average price of $11.43 and a 200 day moving average price of $11.43. Smart Sand has a 1-year low of $10.30 and a 1-year high of $12.89. The company has a market capitalization of $303.05 million and a P/E ratio of 158.95.

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In related news, VP Robert Kiszka sold 16,124 shares of the stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $11.00, for a total transaction of $177,364.00. Following the completion of the sale, the vice president now directly owns 22,484 shares of the company’s stock, valued at $247,324. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew R. Speaker sold 35,258 shares of the stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $11.00, for a total value of $387,838.00. Following the sale, the insider now directly owns 855,742 shares of the company’s stock, valued at $9,413,162. The disclosure for this sale can be found here.

5 Day Chart for NYSE:SND

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