SpringBig (NASDAQ:SBIG – Get Rating)'s stock had its "buy" rating reiterated by equities researchers at Roth Capital in a research report issued on Tuesday, PriceTargets.com reports.
SpringBig Stock Down 5.2 %
Shares of SpringBig stock opened at $0.74 on Tuesday. The company has a debt-to-equity ratio of 51.02, a current ratio of 1.57 and a quick ratio of 1.57. The company's fifty day simple moving average is $0.70 and its two-hundred day simple moving average is $1.13. SpringBig has a 12-month low of $0.41 and a 12-month high of $5.44.
Get SpringBig alerts:SpringBig (NASDAQ:SBIG – Get Rating) last announced its earnings results on Monday, November 14th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.04. The business had revenue of $7.46 million for the quarter, compared to the consensus estimate of $7.00 million. As a group, analysts expect that SpringBig will post -0.6 EPS for the current year.
Institutional Trading of SpringBig
A number of hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of SpringBig during the 2nd quarter valued at $55,000. CSS LLC IL bought a new stake in shares of SpringBig during the 2nd quarter valued at $56,000. Neuberger Berman Group LLC bought a new position in SpringBig in the 3rd quarter worth about $116,000. Millennium Management LLC bought a new position in SpringBig in the 2nd quarter worth about $467,000. Finally, Cantor Fitzgerald L. P. boosted its stake in SpringBig by 159.0% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 1,341,883 shares of the company's stock worth $1,261,000 after purchasing an additional 823,711 shares in the last quarter. Institutional investors own 11.54% of the company's stock.SpringBig Company Profile
(Get Rating)
SpringBig Holdings, Inc operates a software platform that provides customer loyalty and marketing automation solutions to cannabis retailers and brands in the United States and Canada. The company's platform connects consumers with retailers and brands through SMS marketing, emails, customer feedback system, and loyalty programs to support retailers and brands customer engagement and retention.
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