Sequential Brands Group, Inc. (SQBG) Cut to Neutral at Roth Capital

James Marshall
November 15, 2017

(NASDAQ:SQBG) shares have been labeled a top pick by Beta Research as it meets the A+ criteria outlined by the firm. Roth Capital set a $3.00 price objective on Sequential Brands Group and gave the company a "buy" rating in a research report on Monday, October 23rd.

Previously on Friday November 10, 2017, Canaccord Genuity reported about Sequential Brands (NDAQ:SQBG) lowered the target price from $6.00 to $1.50.

At the end of 06/30/2017 reporting period, 33 institutional holders increased their position in Sequential Brands Group, Inc. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock.

Sequential Brands Group (NASDAQ:SQBG) opened at 4.91 on Wednesday. While the stock price moved along with the volume change, shares are touching $1.89. Sequential Brands Cm now has a P/E ratio of N/A and the market value is 99.55M.

The company is so far trading up by 1.86% percent from yesterday's close.

Taking a broader look at the analyst consensus, according to 4 analysts Sequential Brands Cmn (NASDAQ:SQBG)'s price will reach at $4.88 during 52 weeks. In the latest earnings report the EPS was $-0.38 with 63.15M shares now outstanding. The business earned $42 million during the quarter, compared to analysts' expectations of $39.92 million. Sequential Brands Group had a positive return on equity of 2.24% and a negative net margin of 14.35%. Over the past month the firm's stock is 37.82%, 54.68% for the last quarter, 44.30% for the past six-months and -29.97% for the a year ago.

Sequential Brands Group (NASDAQ:SQBG) last announced its quarterly earnings results on Thursday, November 9th.

TRADEMARK VIOLATION WARNING: This news story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. In a transaction dated March 06, 2017, the shares were bought at an average price of $3.43, giving away a sum of $343,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Earnings surprises can have a huge impact on a company's stock price.

A number of large investors have recently modified their holdings of the stock. On the opposite side of that transaction from Blackrock Inc. stood 683 Capital Management, Llc which added 232500 shares to its existing stake, bringing total stake held in SQBG to 3.02 million shares. Parametric Portfolio Associates LLC now owns 206,366 shares of the textile maker's stock worth $803,000 after buying an additional 2,767 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Sequential Brands Group by 3.9% during the second quarter. Wells Fargo & Company MN now owns 41,404 shares of the textile maker's stock worth $161,000 after buying an additional 5,482 shares in the last quarter. Sequential Brands Group Inc., formerly known as People's Liberation, Inc., is headquartered in Pacific Palisades, California. American International Group Inc. now owns 22,596 shares of the company's stock worth $180,000 after buying an additional 1,701 shares in the last quarter. Can acquired a new position in Sequential Brands Group during the third quarter worth approximately $100,000. For every buyer, there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to get rid of his or her shares.

Sequential Brands Group, Inc. The Company's portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe's Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia.

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