New Age Beverages (NBEV) Gets a Hold Rating from Northland Securities


Northland Securities analyst Michael Grondahl maintained a Hold rating on New Age Beverages (NBEV) today. The company’s shares closed last Monday at $1.52, close to its 52-week low of $0.99.

According to TipRanks.com, Grondahl is a 4-star analyst with an average return of 6.3% and a 50.9% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, International Money Express, and WisdomTree Investments.

The word on The Street in general, suggests a Hold analyst consensus rating for New Age Beverages.

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Based on New Age Beverages’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $59.23 million and GAAP net loss of $65.85 million. In comparison, last year the company earned revenue of $14 million and had a GAAP net loss of $2.61 million.

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New Age Beverages Corp. is a beverage company, which engages in the development, marketing, sales and distribution of Ready-to-Drink beverages. Its brands include Marley, Xing, Bucha, CoCo libre and WaterisLife. The company was founded by Neil Fallon on April 26, 2010 and is headquartered in Denver, CO.

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