Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF) Receives Consensus Rating of “Buy” from Analysts

Shares of Charlotte’s Web Holdings, Inc. (OTCMKTS:CWBHF – Get Rating) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $1.91.

A number of research analysts recently issued reports on the company. Benchmark lowered Charlotte’s Web from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Sandler decreased their price target on Charlotte’s Web from $2.00 to $1.00 in a report on Friday, March 25th. Cantor Fitzgerald decreased their price target on Charlotte’s Web from $1.50 to $1.20 and set a “neutral” rating for the company in a report on Friday, March 25th. Canaccord Genuity Group decreased their price target on Charlotte’s Web from C$3.00 to C$2.25 and set a “buy” rating for the company in a report on Wednesday. Finally, Cowen decreased their price target on Charlotte’s Web from $2.00 to $1.00 and set an “outperform” rating for the company in a report on Friday.

OTCMKTS:CWBHF traded down $0.01 during midday trading on Friday, reaching $0.43. The company had a trading volume of 364,542 shares, compared to its average volume of 293,192. The stock’s fifty day simple moving average is $0.94 and its 200-day simple moving average is $1.13. Charlotte’s Web has a 12-month low of $0.42 and a 12-month high of $4.88.

Charlotte’s Web (OTCMKTS:CWBHF – Get Rating) last released its earnings results on Monday, May 16th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06).

About Charlotte’s Web (Get Rating)

Charlotte's Web Holdings, Inc engages in farming, manufacturing, marketing, and selling hemp-derived cannabidiol (CBD) wellness products. The company's products categories include hemp extract oil tinctures, such as liquid products; gummies comprising sleep, stress, immunity, and exercise recovery products; and capsules, CBD topical creams, and lotions, as well as products for pets under the Charlotte's Web, CBD Medic, CBD Clinic, and Harmony Hemp brands.

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