Susquehanna restated their hold rating on shares of SodaStream International Ltd. (NASDAQ:SODA) in a research report released on Friday morning. They currently have a $30.00 target price on the stock.
“As per internal policy, we are moving our price targets to Dec 2017 from Dec 2016. As part of this note we are also tweaking estimates.”,” the firm’s analyst commented.
Several other analysts have also recently commented on SODA. Zacks Investment Research cut SodaStream International from a buy rating to a hold rating in a report on Wednesday, July 13th. Jefferies Group restated a hold rating and set a $31.00 target price on shares of SodaStream International in a report on Wednesday, August 3rd. Finally, Roth Capital cut SodaStream International from a buy rating to a neutral rating and increased their target price for the stock from $22.00 to $33.00 in a report on Wednesday, August 3rd. Seven investment analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and an average price target of $25.43.
SodaStream International (NASDAQ:SODA) traded up 0.435% during mid-day trading on Friday, reaching $26.294. The company’s stock had a trading volume of 57,691 shares. SodaStream International has a 12 month low of $11.66 and a 12 month high of $30.70. The company has a market cap of $555.75 million, a price-to-earnings ratio of 29.216 and a beta of 1.03. The stock’s 50 day moving average is $27.19 and its 200 day moving average is $21.81.
SodaStream International (NASDAQ:SODA) last announced its earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. The company had revenue of $119.20 million for the quarter, compared to analysts’ expectations of $105.72 million. SodaStream International had a return on equity of 6.91% and a net margin of 4.28%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. Equities research analysts predict that SodaStream International will post $1.14 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Nantahala Capital Management LLC boosted its position in SodaStream International by 3.0% in the first quarter. Nantahala Capital Management LLC now owns 1,410,806 shares of the company’s stock valued at $19,864,000 after buying an additional 40,829 shares in the last quarter. Menora Mivtachim Holdings LTD. raised its position in SodaStream International by 10.2% in the second quarter. Menora Mivtachim Holdings LTD. now owns 566,836 shares of the company’s stock valued at $12,091,000 after buying an additional 52,323 shares during the last quarter. Granahan Investment Management Inc. MA raised its position in SodaStream International by 2.6% in the first quarter. Granahan Investment Management Inc. MA now owns 436,106 shares of the company’s stock valued at $6,140,000 after buying an additional 10,920 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in SodaStream International by 2.4% in the second quarter. Parametric Portfolio Associates LLC now owns 236,050 shares of the company’s stock valued at $5,035,000 after buying an additional 5,568 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in SodaStream International during the second quarter valued at $4,964,000. Institutional investors and hedge funds own 38.94% of the company’s stock.
About SodaStream International
SodaStream International Ltd. (SodaStream) is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).
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