SodaStream International Ltd. (NASDAQ:SODA) had its price target lowered by Jefferies Group from $31.00 to $26.00 in a research note issued to investors on Wednesday. The brokerage currently has a hold rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of SodaStream International from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on Wednesday, June 29th. Susquehanna reiterated a hold rating and set a $30.00 price target on shares of SodaStream International in a research report on Friday, October 7th. Finally, Roth Capital cut shares of SodaStream International from a buy rating to a neutral rating and lifted their price target for the company from $22.00 to $33.00 in a research report on Wednesday, August 3rd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $24.14.
Shares of SodaStream International (NASDAQ:SODA) opened at 24.68 on Wednesday. The stock has a market cap of $521.64 million, a PE ratio of 27.42 and a beta of 1.03. The company’s 50-day moving average is $26.55 and its 200-day moving average is $22.35. SodaStream International has a 52-week low of $11.66 and a 52-week high of $30.70.
SodaStream International (NASDAQ:SODA) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. SodaStream International had a net margin of 4.28% and a return on equity of 6.91%. The business earned $119.20 million during the quarter, compared to analysts’ expectations of $105.72 million. During the same period last year, the business earned $0.17 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities analysts anticipate that SodaStream International will post $1.14 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of SODA. Nantahala Capital Management LLC increased its position in shares of SodaStream International by 3.0% in the first quarter. Nantahala Capital Management LLC now owns 1,410,806 shares of the company’s stock worth $19,864,000 after buying an additional 40,829 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of SodaStream International during the second quarter worth about $3,797,000. Scotia Capital Inc. increased its position in shares of SodaStream International by 3.4% in the first quarter. Scotia Capital Inc. now owns 16,785 shares of the company’s stock worth $236,000 after buying an additional 550 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of SodaStream International during the second quarter worth about $180,000. Finally, Emerald Acquisition Ltd. purchased a new position in shares of SodaStream International during the second quarter worth about $4,964,000. Institutional investors own 38.90% 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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