Shares of Summer Infant Inc. (NASDAQ:SUMR) have been given an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus target price of $2.67 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Summer Infant an industry rank of 22 out of 265 based on the ratings given to its competitors.
Several analysts recently issued reports on SUMR shares. Piper Jaffray Cos. reissued an “overweight” rating and issued a $2.00 target price on shares of Summer Infant in a research note on Wednesday, August 3rd. Zacks Investment Research raised Summer Infant from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a research note on Thursday, July 7th.
In related news, major shareholder Wynnefield Partners Small Cap acquired 14,100 shares of the stock in a transaction on Thursday, September 15th. The stock was acquired at an average cost of $2.02 per share, for a total transaction of $28,482.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.40% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Summer Infant stock. Renaissance Technologies LLC raised its stake in shares of Summer Infant Inc. (NASDAQ:SUMR) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,900 shares of the company’s stock after buying an additional 7,100 shares during the period. Renaissance Technologies LLC owned 0.91% of Summer Infant worth $292,000 as of its most recent SEC filing. Institutional investors own 48.55% of the company’s stock.
Summer Infant (NASDAQ:SUMR) opened at 2.16 on Thursday. The stock has a 50 day moving average price of $2.21 and a 200 day moving average price of $1.79. Summer Infant has a 52 week low of $1.22 and a 52 week high of $2.44. The company’s market cap is $39.85 million.
Summer Infant Company Profile
Summer Infant, Inc (Summer) is an infant and juvenile products company. The Company creates branded juvenile safety and infant care products (targeted for ages 0 to 3 years) that are focused to deliver a range of parenting solutions to families. It markets over 1,100 products in various product categories, including monitoring, safety, nursery, baby gear and feeding products.
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