S&W Seed Company (SANW) Receives Average Recommendation of “Hold” from Analysts
Shares of S&W Seed Company (NASDAQ:SANW) have been given an average rating of “Hold” by the six brokerages that are currently covering the firm, MarketBeat 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 1 year target price among analysts that have issued a report on the stock in the last year is $5.13.
Several analysts have commented on SANW shares. Bank of America Corporation started coverage on shares of S&W Seed in a report on Thursday, June 15th. They set a “buy” rating on the stock. B. Riley dropped their target price on shares of S&W Seed from $8.00 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, September 13th. Craig Hallum downgraded shares of S&W Seed from a “buy” rating to a “hold” rating and dropped their target price for the stock from $8.00 to $4.00 in a report on Friday, September 15th. Finally, ValuEngine downgraded shares of S&W Seed from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
In other S&W Seed news, insider Mfp Partners Lp acquired 375,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were bought at an average cost of $3.20 per share, for a total transaction of $1,200,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Wynnefield Partners Small Cap acquired 750,000 shares of the stock in a transaction dated Wednesday, July 19th. The stock was acquired at an average price of $4.00 per share, for a total transaction of $3,000,000.00. The disclosure for this purchase can be found here. Company insiders own 12.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of SANW. Wynnefield Capital Inc. raised its holdings in shares of S&W Seed by 12.3% in the first quarter. Wynnefield Capital Inc. now owns 2,386,496 shares of the company’s stock valued at $11,813,000 after purchasing an additional 262,270 shares during the last quarter. Thomson Horstmann & Bryant Inc. raised its holdings in shares of S&W Seed by 13.1% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 605,985 shares of the company’s stock valued at $2,514,000 after purchasing an additional 70,195 shares during the last quarter. B. Riley Financial Inc. raised its holdings in shares of S&W Seed by 63.1% in the second quarter. B. Riley Financial Inc. now owns 158,054 shares of the company’s stock valued at $656,000 after purchasing an additional 61,121 shares during the last quarter. Cutter & CO Brokerage Inc. raised its holdings in shares of S&W Seed by 10.9% in the second quarter. Cutter & CO Brokerage Inc. now owns 585,857 shares of the company’s stock valued at $2,431,000 after purchasing an additional 57,679 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in shares of S&W Seed in the second quarter valued at approximately $210,000. Institutional investors own 55.60% of the company’s stock.
S&W Seed (NASDAQ SANW) opened at 3.55 on Tuesday. S&W Seed has a 12 month low of $2.90 and a 12 month high of $5.35. The company’s 50-day moving average is $3.28 and its 200-day moving average is $3.95. The stock’s market capitalization is $73.46 million.
S&W Seed (NASDAQ:SANW) last announced its earnings results on Thursday, September 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The company had revenue of $17.89 million for the quarter, compared to analyst estimates of $17.34 million. S&W Seed had a negative return on equity of 2.67% and a negative net margin of 15.68%. The business’s quarterly revenue was down 48.3% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share. Equities analysts anticipate that S&W Seed will post ($0.09) earnings per share for the current year.
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S&W Seed Company Profile
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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