Somewhat Positive Media Coverage Somewhat Unlikely to Affect New Age Beverage Corporation (NASDAQ:NBEV) Stock Price

Media stories about New Age Beverage Corporation (NASDAQ:NBEV) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Age Beverage Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.8140119036806 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Shares of New Age Beverage Corporation (NASDAQ NBEV) opened at 3.51 on Friday. The company has a market cap of $120.50 million, a price-to-earnings ratio of 206.47 and a beta of 4.68. The stock has a 50 day moving average price of $4.70 and a 200-day moving average price of $4.68. New Age Beverage Corporation has a 1-year low of $1.28 and a 1-year high of $7.20.

NBEV has been the subject of several research analyst reports. Aegis initiated coverage on New Age Beverage Corporation in a research note on Monday, May 1st. They set a “buy” rating and a $6.25 price target for the company. Maxim Group initiated coverage on New Age Beverage Corporation in a research note on Thursday, May 4th. They set a “buy” rating and a $6.00 price target for the company. Roth Capital began coverage on New Age Beverage Corporation in a research note on Thursday, July 27th. They set a “buy” rating and a $7.50 price target for the company. Zacks Investment Research raised New Age Beverage Corporation from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research note on Wednesday, August 2nd. Finally, TheStreet lowered New Age Beverage Corporation from a “c” rating to a “d+” rating in a research note on Monday, August 7th. Four research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of $6.69.

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In related news, insider Julie Anderson sold 300,000 shares of New Age Beverage Corporation stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $5.79, for a total value of $1,737,000.00. Following the completion of the transaction, the insider now owns 1,705,093 shares in the company, valued at $9,872,488.47. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Neil Fallon sold 38,881 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $4.53, for a total transaction of $176,130.93. Following the completion of the sale, the director now directly owns 5,354,858 shares of the company’s stock, valued at approximately $24,257,506.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 638,881 shares of company stock valued at $3,590,131. 48.59% of the stock is currently owned by company insiders.

New Age Beverage Corporation Company Profile

The New Age Beverage Corporation, formerly Bucha, Inc, is a healthy functional beverage company. The Company is the owner of XingTea, XingEnergy, Aspen Pure and the Bucha Live Kombucha brands. The Company’s bucha Live Kombucha is a gluten free, organic certified, sparkling kombucha tea and is distributed in health and grocery chains across North America.

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