Somewhat Positive Media Coverage Somewhat Unlikely to Affect Smart Global (SGH) Stock Price

Media coverage about Smart Global (NASDAQ:SGH) has been trending somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Smart Global earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the company an impact score of 41.7576829541845 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

A number of equities research analysts have recently weighed in on SGH shares. Citigroup boosted their price objective on shares of Smart Global to $35.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. They noted that the move was a valuation call. Deutsche Bank restated a “buy” rating and issued a $35.00 price objective on shares of Smart Global in a report on Tuesday, November 7th. Stifel Nicolaus boosted their price objective on shares of Smart Global from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $43.00 target price (up from $40.00) on shares of Smart Global in a research note on Thursday, November 16th. Finally, Roth Capital lifted their target price on shares of Smart Global to $50.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $39.19.

Shares of Smart Global (SGH) traded down $0.02 during trading on Friday, reaching $32.73. 347,039 shares of the company’s stock were exchanged, compared to its average volume of 389,638. The company has a current ratio of 1.43, a quick ratio of 0.97 and a debt-to-equity ratio of 1.50. The stock has a market cap of $711.91 and a P/E ratio of 59.51. Smart Global has a fifty-two week low of $11.50 and a fifty-two week high of $43.15.

Smart Global (NASDAQ:SGH) last issued its quarterly earnings data on Thursday, December 21st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.13. The company had revenue of $265.40 million for the quarter, compared to analysts’ expectations of $255.03 million. Smart Global’s quarterly revenue was up 66.6% on a year-over-year basis. sell-side analysts expect that Smart Global will post 4.76 EPS for the current fiscal year.

In other news, VP Jack A. Pacheco sold 7,500 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $38.64, for a total transaction of $289,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sandeep Nayyar sold 7,148 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $35.20, for a total transaction of $251,609.60. The disclosure for this sale can be found here. Insiders have sold a total of 3,360,955 shares of company stock worth $108,297,601 in the last 90 days. Company insiders own 6.90% of the company’s stock.

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About Smart Global

Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.

Insider Buying and Selling by Quarter for Smart Global (NASDAQ:SGH)

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