Sequential Brands Group Inc. (NASDAQ:SQBG) shares shot up 5% on Friday . The company traded as high as $7.96 and last traded at $7.91, with a volume of 93,087 shares. The stock had previously closed at $7.53.

A number of research firms have weighed in on SQBG. Roth Capital reissued a “buy” rating on shares of Sequential Brands Group in a research note on Thursday, May 12th. Zacks Investment Research lowered shares of Sequential Brands Group from a “buy” rating to a “hold” rating in a research note on Friday, March 11th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $12.00 target price (up from $11.00) on shares of Sequential Brands Group in a research note on Wednesday. Brean Capital reissued a “buy” rating and issued a $15.00 target price on shares of Sequential Brands Group in a research note on Wednesday. Finally, Canaccord Genuity reissued a “buy” rating on shares of Sequential Brands Group in a research note on Wednesday, April 6th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Sequential Brands Group has a consensus rating of “Buy” and an average target price of $15.08.

The stock has a 50-day moving average price of $8.07 and a 200 day moving average price of $6.89. The stock’s market cap is $491.35 million.

Sequential Brands Group (NASDAQ:SQBG) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.02) earnings per share for the quarter. During the same period last year, the firm posted $0.03 earnings per share. The company had revenue of $34 million for the quarter, compared to analyst estimates of $27.42 million. The company’s quarterly revenue was up 149.7% on a year-over-year basis. Equities research analysts predict that Sequential Brands Group Inc. will post $0.45 EPS for the current year.

Other large investors have recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. purchased a new stake in Sequential Brands Group during the fourth quarter worth $1,094,000. Russell Frank Co raised its stake in Sequential Brands Group by 109.5% in the fourth quarter. Russell Frank Co now owns 380,905 shares of the company’s stock worth $3,054,000 after buying an additional 199,077 shares during the last quarter. Boston Partners purchased a new stake in Sequential Brands Group during the fourth quarter worth $8,071,000. Eagle Asset Management Inc. purchased a new stake in Sequential Brands Group during the fourth quarter worth $9,004,000. Finally, State of New Jersey Common Pension Fund D raised its stake in Sequential Brands Group by 22.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,344,200 shares of the company’s stock worth $10,633,000 after buying an additional 245,000 shares during the last quarter.

Sequential Brands Group, Inc owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Emeril Lagasse, Jessica Simpson, Joe’s Jeans, William Rast, Ellen Tracy, Revo, AND1 and Avia. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods.

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