Winc (NYSEAMERICAN:WBEV) Trading Up 7.4%

Winc, Inc. (NYSEAMERICAN:WBEVGet Rating)’s share price was up 7.4% during mid-day trading on Thursday . The stock traded as high as 1.31 and last traded at 1.31. Approximately 18,400 shares traded hands during trading, a decline of 73% from the average daily volume of 68,498 shares. The stock had previously closed at 1.22.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WBEV shares. Canaccord Genuity Group dropped their target price on shares of Winc from $10.00 to $6.50 in a research report on Thursday, May 12th. Lake Street Capital started coverage on shares of Winc in a research report on Tuesday, May 24th. They set a “buy” rating for the company.

Winc Stock Performance

The firm has a market capitalization of $17.40 million and a price-to-earnings ratio of -0.33.

Institutional Investors Weigh In On Winc

A hedge fund recently bought a new stake in Winc stock. Advisor Group Holdings Inc. purchased a new stake in shares of Winc, Inc. (NYSEAMERICAN:WBEVGet Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,000 shares of the company’s stock, valued at approximately $29,000. Advisor Group Holdings Inc. owned about 0.07% of Winc as of its most recent SEC filing. 12.80% of the stock is currently owned by institutional investors and hedge funds.

About Winc

(Get Rating)

Winc, Inc engages in sourcing, bottling, labeling, and distributing wine under its own winery license in the United States and internationally. It operates through DTC and Wholesale segments. The company offers wines and non-alcoholic wines under the Summer Water, Wonderful Wine Company, Lost Poet, Folly of the Beast, Chop Shop, and Cherries and Rainbows brand names; and ready to drink cocktails, and spirits and beers.

Further Reading

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