Sodastream International Ltd (NASDAQ:SODA) shares hit a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $82.11 and last traded at $78.61, with a volume of 466900 shares traded. The stock had previously closed at $78.61.

The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.35. The business had revenue of $157.66 million for the quarter, compared to the consensus estimate of $151.57 million. Sodastream International had a return on equity of 15.17% and a net margin of 12.47%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share.

Several equities analysts have recently weighed in on SODA shares. Jefferies Group set a $60.00 target price on Sodastream International and gave the company a “hold” rating in a research report on Monday, October 30th. Susquehanna Bancshares set a $92.00 target price on Sodastream International and gave the company a “buy” rating in a research report on Wednesday, November 1st. ValuEngine downgraded Sodastream International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Sodastream International from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded Sodastream International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $76.00.

A number of institutional investors have recently made changes to their positions in SODA. OppenheimerFunds Inc. lifted its position in Sodastream International by 150.0% during the fourth quarter. OppenheimerFunds Inc. now owns 1,000,000 shares of the company’s stock worth $70,340,000 after buying an additional 600,000 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in Sodastream International by 589.3% during the second quarter. Lord Abbett & CO. LLC now owns 397,956 shares of the company’s stock worth $21,298,000 after buying an additional 340,223 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in Sodastream International during the third quarter worth approximately $14,773,000. Renaissance Technologies LLC lifted its position in Sodastream International by 18.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,214,000 shares of the company’s stock worth $85,393,000 after buying an additional 191,500 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Sodastream International during the fourth quarter worth approximately $7,273,000. Hedge funds and other institutional investors own 52.05% of the company’s stock.

The firm has a market capitalization of $1,699.56, a PE ratio of 27.30 and a beta of 1.25.

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About Sodastream International

SodaStream International Ltd. is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).

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