Safeguard Scientifics, Inc. (NYSE:SFE) has earned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Safeguard Scientifics’ rating score has declined by 19.8% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus price target of $16.63 for the company and are forecasting that the company will post ($1.08) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Safeguard Scientifics an industry rank of 87 out of 265 based on the ratings given to its competitors.
A number of research firms recently issued reports on SFE. Zacks Investment Research upgraded Safeguard Scientifics from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Friday, February 9th. ValuEngine upgraded Safeguard Scientifics from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Barrington Research restated a “buy” rating and issued a $20.00 price target on shares of Safeguard Scientifics in a research note on Tuesday, March 6th.
Institutional investors have recently bought and sold shares of the business. Yakira Capital Management Inc. raised its stake in Safeguard Scientifics by 3.4% in the fourth quarter. Yakira Capital Management Inc. now owns 480,278 shares of the asset manager’s stock valued at $5,379,000 after buying an additional 15,842 shares in the last quarter. Ariel Investments LLC raised its stake in Safeguard Scientifics by 18.7% in the fourth quarter. Ariel Investments LLC now owns 1,501,367 shares of the asset manager’s stock valued at $16,815,000 after buying an additional 236,758 shares in the last quarter. Wolverine Trading LLC acquired a new stake in shares of Safeguard Scientifics during the fourth quarter worth about $140,000. SG Americas Securities LLC acquired a new stake in shares of Safeguard Scientifics during the fourth quarter worth about $315,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Safeguard Scientifics by 707.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,135 shares of the asset manager’s stock worth $349,000 after purchasing an additional 27,279 shares in the last quarter. Institutional investors own 75.77% of the company’s stock.
NYSE:SFE opened at $13.45 on Thursday. The stock has a market capitalization of $275.52 million, a price-to-earnings ratio of -3.10 and a beta of 1.25. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.60.
Safeguard Scientifics (NYSE:SFE) last released its earnings results on Thursday, April 26th. The asset manager reported ($0.30) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.72) by $0.42. research analysts anticipate that Safeguard Scientifics will post -2.66 EPS for the current year.
About Safeguard Scientifics
Safeguard Scientifics, Inc no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, corporate spinouts, growth stage, and early stage financings in Fintech sector. It initially invests in a Series A-C round and opportunistically in a seed round.
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