Accredited Investors Inc. purchased a new stake in Sow Good Inc. (NASDAQ:SOWG - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 89,379 shares of the company's stock, valued at approximately $1,789,000. Accredited Investors Inc. owned about 0.88% of Sow Good at the end of the most recent quarter.
Separately, Swedbank AB acquired a new stake in shares of Sow Good during the 2nd quarter worth approximately $1,378,000. Hedge funds and other institutional investors own 10.74% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Craig Hallum raised their price target on Sow Good from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Monday, June 3rd. Roth Mkm reissued a "buy" rating and set a $21.00 price target (up previously from $15.00) on shares of Sow Good in a report on Thursday, May 16th.
View Our Latest Analysis on SOWG
Sow Good Stock Performance
Shares of NASDAQ:SOWG traded down $0.40 during trading hours on Monday, hitting $14.98. The stock had a trading volume of 176,855 shares, compared to its average volume of 59,433. The firm has a fifty day moving average price of $19.43. The firm has a market capitalization of $151.93 million, a price-to-earnings ratio of -42.80 and a beta of 2.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.48 and a quick ratio of 1.57. Sow Good Inc. has a 1-year low of $4.75 and a 1-year high of $24.83.
Sow Good (NASDAQ:SOWG - Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.01 by $0.28. Sow Good had a negative return on equity of 19.26% and a negative net margin of 4.21%. The firm had revenue of $15.65 million for the quarter, compared to analysts' expectations of $14.40 million. During the same period last year, the firm earned ($0.68) EPS. As a group, research analysts anticipate that Sow Good Inc. will post 0.69 EPS for the current year.
Sow Good Profile
(
Free Report)
Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.
Further Reading
Want to see what other hedge funds are holding SOWG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sow Good Inc. (NASDAQ:SOWG - Free Report).
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