Smart Sand (NASDAQ:SND) Downgraded by StockNews.com to “Hold”

Smart Sand (NASDAQ:SND) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Separately, Piper Sandler boosted their price target on shares of Smart Sand from $2.00 to $2.75 and gave the company a “neutral” rating in a research report on Monday, August 14th.

Smart Sand Stock Performance

Shares of SND opened at $2.16 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.19 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $2.17 and a 200-day simple moving average of $1.87. Smart Sand has a 1-year low of $1.44 and a 1-year high of $2.65. The stock has a market cap of $89.06 million, a price-to-earnings ratio of 10.80 and a beta of 1.32.

Smart Sand (NASDAQ:SND) last posted its earnings results on Tuesday, August 8th. The company reported $0.17 earnings per share for the quarter. The business had revenue of $74.78 million for the quarter, compared to analyst estimates of $71.35 million. Smart Sand had a net margin of 2.65% and a return on equity of 3.36%. Equities analysts forecast that Smart Sand will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Smart Sand

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearlake Capital Group L.P. purchased a new stake in shares of Smart Sand during the second quarter valued at approximately $27,000. Prudential Financial Inc. purchased a new stake in shares of Smart Sand during the first quarter valued at approximately $35,000. Kingsview Wealth Management LLC purchased a new stake in shares of Smart Sand during the second quarter valued at approximately $35,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Smart Sand during the third quarter valued at approximately $37,000. Finally, Quadrature Capital Ltd boosted its stake in shares of Smart Sand by 107.0% during the second quarter. Quadrature Capital Ltd now owns 31,315 shares of the company’s stock valued at $51,000 after purchasing an additional 16,188 shares during the period. 15.83% of the stock is currently owned by institutional investors.

About Smart Sand

Smart Sand, Inc, an integrated frac sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides logistics services; and SmartSystems, a wellsite storage solution.