Sow Good (SOWG) Receives a Buy from Craig-Hallum

Sow Good (SOWG – Research Report) received a Buy rating and a $20.00 price target from Craig-Hallum analyst Eric Des Lauriers today. The company’s shares closed last Wednesday at $10.98.

Des Lauriers covers the Consumer Defensive sector, focusing on stocks such as Turning Point Brands, Vita Coco Company, and Mama’s Creations. According to TipRanks, Des Lauriers has an average return of 12.2% and a 48.78% success rate on recommended stocks.

Sow Good has an analyst consensus of Moderate Buy, with a price target consensus of $17.50, a 59.38% upside from current levels. In a report released yesterday, Roth MKM also initiated coverage with a Buy rating on the stock with a $15.00 price target.

Based on Sow Good’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.52 million and a net profit of $1.33 million. In comparison, last year the company earned a revenue of $47.1 thousand and had a GAAP net loss of $6.81 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SOWG in relation to earlier this year. Last month, Lyle Berman, a Director at SOWG bought 617,500.00 shares for a total of $1,518,750.00.

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Sow Good (SOWG) Company Description:

Black Ridge Oil & Gas, Inc. is an oil and natural gas exploration company. It engages in the acquisition and development of crude oil and natural gas properties, primarily in the Bakken and Three Forks trends in North Dakota and Montana. The company was founded on April 9, 2010 and is headquartered in Minneapolis, MN.