cbdMD (NYSEAMERICAN:YCBD) Trading 7.4% Higher

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cbdMD, Inc. (NYSEAMERICAN:YCBD) shares traded up 7.4% during mid-day trading on Tuesday . The company traded as high as $0.79 and last traded at $0.78, 366,656 shares changed hands during trading. A decline of 62% from the average session volume of 961,086 shares. The stock had previously closed at $0.73.

Several analysts recently weighed in on YCBD shares. Benchmark decreased their price objective on cbdMD from $9.00 to $7.00 and set a “speculative buy” rating for the company in a report on Thursday, December 19th. Cantor Fitzgerald lifted their price objective on cbdMD from $1.20 to $3.40 and gave the company a “neutral” rating in a report on Monday, March 9th.

cbdMD (NYSEAMERICAN:YCBD) last issued its earnings results on Thursday, February 13th. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.60. The firm had revenue of $10.41 million during the quarter.

In related news, CEO Raymond Scott Coffman acquired 125,000 shares of the stock in a transaction on Tuesday, January 14th. The shares were acquired at an average price of $1.09 per share, for a total transaction of $136,250.00. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders acquired 175,000 shares of company stock worth $182,250.

Several large investors have recently made changes to their positions in the company. State Street Corp raised its stake in cbdMD by 6.2% in the 4th quarter. State Street Corp now owns 159,899 shares of the company’s stock valued at $361,000 after purchasing an additional 9,381 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of cbdMD by 9.1% in the 4th quarter. Geode Capital Management LLC now owns 158,887 shares of the company’s stock worth $359,000 after acquiring an additional 13,207 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in shares of cbdMD in the 4th quarter worth $50,000. Penserra Capital Management LLC acquired a new stake in shares of cbdMD in the 3rd quarter worth $90,000. Finally, Lionsbridge Wealth Management LLC acquired a new stake in shares of cbdMD in the 4th quarter worth $341,000.

About cbdMD (NYSEAMERICAN:YCBD)

cbdMD, Inc produces and distributes various cannibidiol (CBD) products in the United States. It operates through three segments: Products, Licensing, and Entertainment. The Products segment produces and markets CBD tinctures, capsules, gummies, bath bombs, vape oils, topical creams, and animal treats and oils under the cdbMD brand.

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