SodaStream International Ltd. (NASDAQ:SODA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Several other brokerages have also commented on SODA. Zacks Investment Research lowered SodaStream International from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Jefferies Group LLC set a $55.00 price target on SodaStream International and gave the company a “hold” rating in a research note on Saturday, July 29th. Susquehanna Bancshares Inc restated a “positive” rating and set a $79.00 price target (up previously from $58.00) on shares of SodaStream International in a research note on Tuesday. Finally, ValuEngine upgraded SodaStream International from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $58.50.

Shares of SodaStream International (SODA) traded up 1.47% during mid-day trading on Wednesday, hitting $62.69. 525,656 shares of the stock were exchanged. The stock’s 50 day moving average is $54.34 and its 200 day moving average is $50.81. The firm has a market cap of $1.35 billion, a P/E ratio of 25.72 and a beta of 1.20. SodaStream International has a 12 month low of $23.77 and a 12 month high of $63.25.

SodaStream International (NASDAQ:SODA) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.51 by $0.13. The firm had revenue of $130.60 million for the quarter, compared to analyst estimates of $129.33 million. SodaStream International had a return on equity of 15.33% and a net margin of 11.89%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. Analysts expect that SodaStream International will post $2.58 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of SODA. FMR LLC raised its position in SodaStream International by 216.7% in the first quarter. FMR LLC now owns 2,136,784 shares of the company’s stock valued at $103,485,000 after buying an additional 1,462,018 shares during the period. Acadian Asset Management LLC raised its position in SodaStream International by 17.4% in the second quarter. Acadian Asset Management LLC now owns 871,395 shares of the company’s stock valued at $46,639,000 after buying an additional 129,117 shares during the period. Menora Mivtachim Holdings LTD. raised its position in SodaStream International by 168.6% in the second quarter. Menora Mivtachim Holdings LTD. now owns 837,556 shares of the company’s stock valued at $44,826,000 after buying an additional 525,720 shares during the period. Renaissance Technologies LLC raised its position in SodaStream International by 9.6% in the first quarter. Renaissance Technologies LLC now owns 705,000 shares of the company’s stock valued at $34,143,000 after buying an additional 61,800 shares during the period. Finally, Driehaus Capital Management LLC raised its position in SodaStream International by 23.1% in the first quarter. Driehaus Capital Management LLC now owns 220,093 shares of the company’s stock valued at $10,659,000 after buying an additional 41,342 shares during the period. Institutional investors own 45.52% of the company’s stock.

About SodaStream International

SodaStream International Ltd. is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).

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