Summer Infant (SUMR) Getting Somewhat Positive Press Coverage, Analysis Shows
Press coverage about Summer Infant (NASDAQ:SUMR) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Summer Infant earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.4512484126503 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several brokerages have weighed in on SUMR. Zacks Investment Research upgraded Summer Infant from a “hold” rating to a “strong-buy” rating and set a $2.00 price objective for the company in a research report on Tuesday, August 8th. FBR & Co reiterated an “outperform” rating and issued a $2.50 price objective on shares of Summer Infant in a research report on Tuesday, July 11th. ValuEngine downgraded Summer Infant from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Roth Capital set a $3.00 price objective on Summer Infant and gave the company a “buy” rating in a research report on Tuesday, August 22nd.
Summer Infant (NASDAQ SUMR) opened at 1.86 on Wednesday. The company’s market cap is $34.58 million. The company’s 50 day moving average price is $1.93 and its 200-day moving average price is $1.85. Summer Infant has a one year low of $1.65 and a one year high of $2.32.
Summer Infant (NASDAQ:SUMR) last announced its earnings results on Wednesday, August 2nd. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The firm had revenue of $52.58 million during the quarter, compared to analysts’ expectations of $46.33 million. Summer Infant had a positive return on equity of 0.56% and a negative net margin of 1.82%. On average, analysts forecast that Summer Infant will post $0.14 EPS for the current fiscal year.
In related news, major shareholder Wynnefield Partners Small Cap bought 15,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was purchased at an average price of $1.86 per share, for a total transaction of $27,900.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.30% of the stock is currently owned by insiders.
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Summer Infant Company Profile
Summer Infant, Inc is an infant and juvenile products company. The Company is engaged in the juvenile industry, providing mothers and caregivers a range of products to care for babies and toddlers. As of December 31, 2016, it marketed over 1,100 products in several product categories, including monitoring, safety, nursery, baby gear and feeding products.
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