Sequential Brands Group, Inc. (SQBG) Lowered to Neutral at Roth Capital

Rodiano Bonacci
Novembre 15, 2017

Driving interest in Sequential Brands Group, Inc.

Equity analyst Roth Capital issued a report on SQBG and giving a rating of "Buy" and projecting a price target of $4.00.

A number of other brokerages have also commented on SQBG. Cowen and Company set a $6.00 price target on shares of Sequential Brands Group and gave the company a hold rating in a research note on Thursday, July 27th.

Following some medium-term indicators on shares of Sequential Brands Group, Inc. Zacks Investment Research lowered shares of Sequential Brands Group from a hold rating to a sell rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company's stock. The company presently has an average rating of Hold and an average price target of $6.92.

Trading volume for Sequential Brands Cm was 1,981K on Monday. The stock has a market cap of $88.41, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 0.19 and a beta of 0.57. Following the acquisition, the director now directly owns 409,669 shares in the company, valued at approximately $1,827,123.74. Sequential Brands Group has a 52 week low of $1.37 and a 52 week high of $6.15.

Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings data on Thursday, November 9th. However a year ago for the same quarter the company has reported $0.12 EPS.

On the other hand Sequential Brands Cmn (NASDAQ:SQBG) has Relative Strength Index (RSI 14) of 25.8 along with Average True Range (ATR 14) of 0.18. The business's revenue for the quarter was down 7.1% compared to the same quarter a year ago. Sequential Brands Group has a 12-month low of $4.10 and a 12-month high of $9.14.

WARNING: This report was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another site, it was copied illegally and reposted in violation of US & global copyright and trademark laws. The original version of this report can be viewed at https://stocknewstimes.com/2017/11/14/sequential-brands-group-inc-sqbg-lowered-to-neutral-at-roth-capital.html. The stock was purchased at an average price of $1.47 per share, for a total transaction of $91,875.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The third largest holder is Goldman Sachs Group Inc, which now holds $3.31 million worth of this stock and that ownership represents almost 3.14% of its market capitalization. For every buyer, there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to get rid of his or her shares. Goldman Sachs Group Inc. grew its stake in shares of Sequential Brands Group by 1,114.2% in the 2nd quarter. Financial & Investment Management Group Ltd. bought a new stake in shares of Sequential Brands Group in the 2nd quarter worth $2,106,000. Rhumbline Advisers lifted its stake in shares of Sequential Brands Group by 3.9% in the second quarter. Rhumbline Advisers now owns 47,762 shares of the textile maker's stock valued at $191,000 after purchasing an additional 1,780 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Sequential Brands Group during the third quarter worth $214,000. Wells Fargo & Company MN now owns 41,404 shares of the textile maker's stock worth $161,000 after buying an additional 5,482 shares in the last quarter.

Institutional investors have also been busy with the stock.

Sequential Brands Group, Inc. The Business's portfolio of consumer brands includes Martha Stewart, Jessica Simpson, AND1, Avia and Ellen Tracy.

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