Wolfe Research Reiterates "Peer Perform" Rating for Sony Group (NYSE:SONY)

Sony Group (NYSE:SONY - Get Free Report)'s stock had its "peer perform" rating reiterated by equities researchers at Wolfe Research in a research report issued on Monday, MarketBeat.com reports.

A number of other brokerages also recently commented on SONY. Sanford C. Bernstein initiated coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating on the stock. The Goldman Sachs Group began coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating on the stock. StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $28.00.

Sony Group Price Performance

SONY traded up $0.03 on Monday, hitting $22.95. 4,791,142 shares of the company's stock were exchanged, compared to its average volume of 4,154,818. The firm has a 50-day moving average price of $23.94 and a 200-day moving average price of $21.10. The stock has a market cap of $138.81 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 9.95 and a beta of 0.94. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group has a fifty-two week low of $15.02 and a fifty-two week high of $25.78.

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Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The company had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. As a group, equities analysts anticipate that Sony Group will post 1.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SONY. Coldstream Capital Management Inc. grew its stake in shares of Sony Group by 23.2% in the third quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company's stock valued at $352,000 after buying an additional 751 shares in the last quarter. FCA Corp TX grew its position in Sony Group by 22.5% in the 4th quarter. FCA Corp TX now owns 4,900 shares of the company's stock valued at $104,000 after acquiring an additional 900 shares in the last quarter. Silicon Valley Capital Partners lifted its position in shares of Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock worth $25,000 after purchasing an additional 927 shares in the last quarter. Capital Analysts LLC boosted its stake in shares of Sony Group by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after purchasing an additional 936 shares during the period. Finally, Fairscale Capital LLC grew its holdings in shares of Sony Group by 400.0% in the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock valued at $26,000 after purchasing an additional 992 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company's stock.

About Sony Group

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.