Sony Group (NYSE:SONY) Price Target Lowered to $25.00 at Oppenheimer

Sony Group (NYSE:SONY) had its price objective cut by Oppenheimer from $108.00 to $25.00 in a report issued on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also issued reports on SONY. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. TD Cowen reduced their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, StockNews.com raised Sony Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $24.00.

Sony Group Price Performance

Shares of SONY opened at $18.46 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.47 and a current ratio of 0.66. The firm has a market cap of $111.64 billion, a PE ratio of 15.13, a PEG ratio of 12.21 and a beta of 0.95. Sony Group has a twelve month low of $15.02 and a twelve month high of $20.67. The firm’s 50 day moving average price is $14.06 and its 200 day moving average price is $7.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Sony Group in the second quarter worth about $26,000. Ridgewood Investments LLC acquired a new position in shares of Sony Group during the second quarter worth approximately $41,000. Family Firm Inc. bought a new stake in shares of Sony Group in the second quarter valued at approximately $44,000. Hobbs Group Advisors LLC acquired a new stake in shares of Sony Group in the second quarter worth $49,000. Finally, Hexagon Capital Partners LLC increased its position in Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after acquiring an additional 233 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Company Profile

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.