Canaccord Genuity Lowers Sequential Brands Group, Inc. (SQBG) to Hold

Sequential Brands

The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/11/13/karen-murray-buys-62500-shares-of-sequential-brands-group-inc-sqbg-stock.html.

Other equities analysts have also recently issued research reports about the stock.

Sell-side analysts are offering a consensus "Buy" rating on shares of Sequential Brands Group, Inc.

At the end of 06/30/2017 reporting period, 33 institutional holders increased their position in Sequential Brands Group, Inc.

Sequential Brands Cmn (NASDAQ:SQBG) shares traded 15% up during most recent session to reach at the closing price of $1.61. Zacks Investment Research lowered shares of Sequential Brands Group from a hold rating to a sell rating in a research note on Thursday, October 26th. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Sequential Brands Group has a consensus rating of Hold and an average target price of $6.92. Sequential Brands Group has a 52 week low of $1.36 and a 52 week high of $6.15. While the stock price moved along with the volume change, shares are touching $1.89. The company has a market cap of $88.41, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 0.19 and a beta of 0.57. Following the acquisition, the director now directly owns 409,669 shares in the company, valued at approximately $1,827,123.74. The day's high marked a slight increase on the previous day's close which saw SQBG finish the day's trading at 1.36.

Sequential Brands Group (NASDAQ:SQBG) last announced its quarterly earnings data on Thursday, November 9th. As of the last earnings report the EPS was $-0.38 with 63.15M shares presently outstanding. The company had revenue of $39.00 million during the quarter, compared to analysts' expectations of $43.66 million. Including today's unusual volume, Sequential Brands Group, Inc.'s stock is performing at -65.60% on the year. However a year ago for the same quarter the company has reported $0.12 EPS. During the same quarter last year, the firm posted $0.12 EPS. research analysts anticipate that Sequential Brands Group will post 0.5 EPS for the current year.

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Several analysts have released their opinion on Sequential Brands Group, Inc. Finally, Rhumbline Advisers lifted its position in shares of Sequential Brands Group by 3.9% during the 2nd quarter. The latest exchange of 17.41 Million shares is above its average trading activity of 1.29 Million shares. 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.

Large investors have recently bought and sold shares of the business. Voya Investment Management LLC boosted its position in Sequential Brands Group by 37.6% during the second quarter. Eagle Asset Management Inc. now owns 317,945 shares of the textile maker's stock worth $953,000 after acquiring an additional 92,433 shares in the last quarter. Sequential Brands Group Inc., formerly known as People's Liberation, Inc., is headquartered in Pacific Palisades, California. The shares price has positioned -50.35% down over the past quarter while it has directed -60.56% toward a falling position throughout past six months. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Sequential Brands Group in the 3rd quarter valued at about $150,000. The company's institutional ownership is monitored at 66.3 percent. The Business's brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.

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