Oppenheimer Lowers Sony Group (NYSE:SONY) Price Target to $25.00

Sony Group (NYSE:SONY) had its target price lowered by Oppenheimer from $108.00 to $25.00 in a report issued on Tuesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Daiwa America upgraded shares of Sony Group to a “strong-buy” rating in a research report on Wednesday, September 18th. StockNews.com upgraded Sony Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, TD Cowen reduced their target price on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Sony Group currently has a consensus rating of “Buy” and an average price target of $24.00.

Sony Group Trading Down 0.2 %

Shares of Sony Group stock opened at $18.46 on Tuesday. The business has a fifty day simple moving average of $14.06 and a 200-day simple moving average of $7.14. The firm has a market cap of $111.64 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 12.21 and a beta of 0.95. Sony Group has a fifty-two week low of $15.02 and a fifty-two week high of $20.67. The company has a quick ratio of 0.47, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pictet North America Advisors SA boosted its position in Sony Group by 19.4% during the 3rd quarter. Pictet North America Advisors SA now owns 243,975 shares of the company’s stock worth $23,561,000 after acquiring an additional 39,688 shares during the period. Ellsworth Advisors LLC acquired a new stake in shares of Sony Group during the second quarter worth approximately $1,413,000. Crossmark Global Holdings Inc. grew its position in Sony Group by 39.2% during the third quarter. Crossmark Global Holdings Inc. now owns 103,473 shares of the company’s stock valued at $9,993,000 after purchasing an additional 29,165 shares in the last quarter. Diversify Wealth Management LLC increased its stake in Sony Group by 511.4% in the 3rd quarter. Diversify Wealth Management LLC now owns 50,399 shares of the company’s stock valued at $4,867,000 after buying an additional 42,156 shares during the period. Finally, Creative Planning lifted its position in Sony Group by 2.7% in the 2nd quarter. Creative Planning now owns 284,636 shares of the company’s stock worth $24,180,000 after buying an additional 7,401 shares in the last quarter. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.