29 May, 2017
Sequential Brands Group Inc (NASDAQ:SQBG) received a $6.00 price target from equities research analysts at Canaccord Genuity in a research report issued on Thursday, May 4th. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 1.80. If the $2.96 price target is reached, the company will be worth $9.83 million less.
A number of brokerages recently weighed in on SQBG.
Media stories about Sequential Brands Group (NASDAQ:SQBG) have trended positive this week, Alpha One Sentiment Analysis reports.
Sequential Brands Group, Inc.
09/28/2016 - Sequential Brands Group, Inc. had its "buy" rating reiterated by analysts at Brean Capital. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/05/29/wunderlich-increases-sequential-brands-group-inc-sqbg-price-target-to-18-00-updated-updated.html. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & worldwide trademark & copyright legislation. Sequential Brands Group earned a daily sentiment score of 0.43 on AlphaOne's scale. Following the acquisition, the director now directly owns 99,843 shares in the company, valued at approximately $378,404.97.
In related news, Director Leonard Stewart, Jr. acquired 12,500 shares of Sequential Brands Group stock in a transaction that occurred on Wednesday, March 22nd. The shares were bought at an average price of $3.43 per share, for a total transaction of $343,000.00. Following the completion of the purchase, the director now owns 489,669 shares in the company, valued at approximately $1,679,564.67. The disclosure for this purchase can be found here.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Sequential Brands Group by 1.1% in the first quarter. BlackRock Group LTD now owns 529,381 shares of the textile maker's stock valued at $4,235,000 after buying an additional 1,852 shares during the period. Mycio Wealth Partners LLC bought a new position in shares of Sequential Brands Group during the first quarter valued at about $100,000. Parametric Portfolio Associates LLC now owns 206,366 shares of the textile maker's stock valued at $803,000 after buying an additional 2,767 shares during the period. Bank of New York Mellon Corp now owns 176,239 shares of the textile maker's stock valued at $685,000 after buying an additional 10,007 shares during the last quarter. State Street Corp increased its position in shares of Sequential Brands Group by 4.8% in the fourth quarter. Oaktree Capital Management Lp acquired 472,042 shares as Icici Bank Ltd (IBN)'s stock rose 14.25%. Insiders own 27.30% of the company's stock.
Sequential Brands Group (NASDAQ:SQBG) opened at 3.22 on Thursday. The company has market cap of $193.38 million.
In taking a look at technical levels, shares are trading 33.13% away from the 50 day simple moving average and 42.41% away from the 200 day simple moving average. Sequential Brands Group has a one year low of $2.81 and a one year high of $9.14.
The stock of Sequential Brands Group Inc (NASDAQ:SQBG) is a huge mover today! The company had revenue of $39.40 million during the quarter, compared to analyst estimates of $37.08 million.
05/21/2014 - Sidoti began new coverage on Sequential Brands Group, Inc. giving the company a "buy" rating. Breaking that down further, it has performed 0.00% for the week, -6.94% for the month, -21.65% over the last quarter, -41.88% for the past half-year and -58.72% for this a year ago. During the same quarter past year, the company earned $0.04 EPS.
More notable recent Sequential Brands Group Inc (NASDAQ:SQBG) news were published by: Globenewswire.com which released: "Sequential Brands Group Appoints Andrew Cooper as President" on August 22, 2016, also Reuters.com with their article: "BRIEF-Sequential Brands and Michaels Cos announce partnership for Martha ..." published on March 02, 2017, Seekingalpha.com published: "Sequential Brands' (SQBG) CEO Yehuda Shmidman on Q3 2016 Results - Earnings ..." on November 07, 2016.
