Fintel reports that on August 15, 2023, EF Hutton maintained coverage of Splash Beverage Group (AMEX:SBEV) with a Buy recommendation.
Analyst Price Forecast Suggests 265.82% Upside
As of August 2, 2023, the average one-year price target for Splash Beverage Group is 2.89. The forecasts range from a low of 2.52 to a high of $3.15. The average price target represents an increase of 265.82% from its latest reported closing price of 0.79.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Splash Beverage Group is 48MM, an increase of 131.82%. The projected annual non-GAAP EPS is 0.01.
What is the Fund Sentiment?
There are 36 funds or institutions reporting positions in Splash Beverage Group. This is an increase of 5 owner(s) or 16.13% in the last quarter. Average portfolio weight of all funds dedicated to SBEV is 0.00%, an increase of 70.98%. Total shares owned by institutions increased in the last three months by 10.22% to 2,641K shares. 
The put/call ratio of SBEV is 0.03, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 951K shares representing 2.23% ownership of the company. No change in the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 301K shares representing 0.71% ownership of the company. No change in the last quarter.
Geode Capital Management holds 223K shares representing 0.52% ownership of the company. No change in the last quarter.
Susquehanna International Group, Llp holds 204K shares representing 0.48% ownership of the company. In it's prior filing, the firm reported owning 62K shares, representing an increase of 69.43%. The firm increased its portfolio allocation in SBEV by 113.65% over the last quarter.
FSMAX - Fidelity Extended Market Index Fund holds 129K shares representing 0.30% ownership of the company. In it's prior filing, the firm reported owning 131K shares, representing a decrease of 1.64%. The firm decreased its portfolio allocation in SBEV by 21.45% over the last quarter.
Splash Beverage Group Background Information
(This description is provided by the company.)
Splash Beverage Group specializes in manufacturing, distribution, sales & marketing of various beverages across multiple channels. SBEV operates in both the non-alcoholic and alcoholic beverage segments which they believe leverages efficiencies and dilutes risk. SBEV believes its business model is unique as it ONLY develops/accelerates brands it perceives to have highly visible pre-existing brand awareness or pure category innovation.
Additional reading:
- June 16, 2023
- Letter from Daszkal Bolton, LLP to the Securities and Exchange Commission, dated May 8, 2023
- Form of the Securities Purchase Agreement.*
- Form of Convertible Promissory Note.*
- Description of Capital Stock *
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
