Whole Earth Brands (NASDAQ:FREE) Price Target Cut to $11.00

Whole Earth Brands (NASDAQ:FREEGet Rating) had its target price reduced by Cowen from $14.00 to $11.00 in a report published on Monday morning, The Fly reports.

Other analysts also recently issued reports about the stock. TheStreet downgraded shares of Whole Earth Brands from a c- rating to a d+ rating in a report on Monday, August 29th. Canaccord Genuity Group dropped their price target on Whole Earth Brands from $10.00 to $8.00 and set a buy rating for the company in a research note on Thursday, November 10th. Finally, Cowen reduced their price objective on Whole Earth Brands to $14.00 in a research report on Thursday, October 13th.

Whole Earth Brands Trading Up 4.9 %

Shares of Whole Earth Brands stock opened at $3.85 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.68 and a quick ratio of 1.14. Whole Earth Brands has a 1 year low of $3.00 and a 1 year high of $12.03. The firm has a market cap of $161.62 million, a PE ratio of 128.38 and a beta of 0.41. The company has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $5.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FREE. UBS Group AG purchased a new stake in Whole Earth Brands during the 3rd quarter valued at about $25,000. Amalgamated Bank bought a new stake in shares of Whole Earth Brands in the first quarter worth about $32,000. Tower Research Capital LLC TRC increased its holdings in Whole Earth Brands by 62.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,204 shares of the company’s stock valued at $35,000 after purchasing an additional 3,533 shares during the period. Lazard Asset Management LLC purchased a new stake in Whole Earth Brands in the 1st quarter worth approximately $37,000. Finally, Trust Co. of Vermont bought a new stake in shares of Whole Earth Brands in the 2nd quarter worth approximately $50,000. 80.19% of the stock is owned by institutional investors.

About Whole Earth Brands

(Get Rating)

Whole Earth Brands, Inc operates as a food company worldwide. It operates through two segments, Branded CPG and Flavors & Ingredients. The Branded CPG segment focuses on building a branded portfolio serving consumers seeking zero-calorie, low-calorie, natural, no-sugar added, and plant-based products.

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