Lake Street Capital Issues Pessimistic Forecast for S&W Seed (NASDAQ:SANW) Stock Price

S&W Seed (NASDAQ:SANW) had its target price decreased by Lake Street Capital from $35.00 to $25.00 in a research report released on Friday,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

Separately, StockNews.com assumed coverage on S&W Seed in a research report on Monday, May 12th. They set a “sell” rating for the company.

S&W Seed Stock Performance

S&W Seed stock opened at $5.19 on Friday. The firm has a 50 day simple moving average of $5.91 and a 200-day simple moving average of $6.58. The stock has a market cap of $11.13 million, a price-to-earnings ratio of -0.33 and a beta of 2.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 0.40. S&W Seed has a 1-year low of $2.10 and a 1-year high of $11.60.

S&W Seed (NASDAQ:SANW) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($1.09) by $0.52. The company had revenue of $9.55 million during the quarter, compared to analyst estimates of $9.50 million. S&W Seed had a negative return on equity of 51.47% and a negative net margin of 76.30%.

Hedge Funds Weigh In On S&W Seed

An institutional investor recently bought a new position in S&W Seed stock. Cutter & CO Brokerage Inc. purchased a new position in shares of S&W Seed (NASDAQ:SANW) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,175 shares of the company’s stock, valued at approximately $259,000. Cutter & CO Brokerage Inc. owned 1.73% of S&W Seed as of its most recent SEC filing. 61.68% of the stock is currently owned by hedge funds and other institutional investors.

About S&W Seed

S&W Seed Co engages in the breeding, production, and sale of stevia and alfalfa seeds. The company was founded in 1980 and is headquartered in Longmont, CO.