Media coverage about Freshpet (NASDAQ:FRPT) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Freshpet earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.0885497591701 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
FRPT has been the subject of several recent analyst reports. Robert W. Baird restated a “buy” rating and issued a $22.00 target price on shares of Freshpet in a research report on Wednesday, January 3rd. BidaskClub upgraded shares of Freshpet from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Stifel Nicolaus restated a “buy” rating on shares of Freshpet in a research report on Friday, December 15th. TheStreet upgraded shares of Freshpet from a “d+” rating to a “c-” rating in a research report on Thursday, November 30th. Finally, Oppenheimer restated a “hold” rating on shares of Freshpet in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Freshpet currently has a consensus rating of “Hold” and a consensus target price of $18.64.
Shares of Freshpet (NASDAQ FRPT) opened at $18.65 on Monday. The firm has a market cap of $650.16, a P/E ratio of -143.46 and a beta of 1.97. Freshpet has a one year low of $9.25 and a one year high of $20.50.
Freshpet (NASDAQ:FRPT) last issued its quarterly earnings results on Monday, November 6th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $41.20 million during the quarter, compared to analyst estimates of $41.19 million. Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.02 EPS. research analysts predict that Freshpet will post -0.11 EPS for the current year.
In related news, CFO Richard A. Kassar sold 15,125 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $17.92, for a total transaction of $271,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott James Morris sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $17.26, for a total transaction of $345,200.00. Following the sale, the insider now directly owns 212,307 shares of the company’s stock, valued at $3,664,418.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,218 shares of company stock valued at $1,211,499. Company insiders own 6.80% of the company’s stock.
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Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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