Roth Capital reiterated their buy rating on shares of SpringBig (NASDAQ:SBIG – Get Rating) in a report published on Tuesday morning, PriceTargets.com reports.
SpringBig Stock Up 1.1 %
Shares of NASDAQ SBIG opened at $0.74 on Tuesday. SpringBig has a one year low of $0.41 and a one year high of $5.44. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 51.02. The firm's 50 day simple moving average is $0.70 and its two-hundred day simple moving average is $1.12.
Get SpringBig alerts:SpringBig (NASDAQ:SBIG – Get Rating) last issued its quarterly 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, sell-side analysts anticipate that SpringBig will post -0.6 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of SpringBig in the second quarter worth approximately $55,000. CSS LLC IL bought a new position in shares of SpringBig in the second quarter worth approximately $56,000. Neuberger Berman Group LLC bought a new position in shares of SpringBig in the third quarter worth approximately $116,000. Millennium Management LLC bought a new position in shares of SpringBig in the second quarter worth approximately $467,000. Finally, Cantor Fitzgerald L. P. grew its holdings in shares of SpringBig by 159.0% in the third 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 during the last quarter. Institutional investors own 11.54% of the company's stock.About SpringBig
(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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