Whole Earth Brands (NASDAQ:FREE) Price Target Increased to $20.00 by Analysts at Roth Capital

Whole Earth Brands (NASDAQ:FREE) had its price target boosted by Roth Capital from $18.00 to $20.00 in a research report sent to investors on Friday, PriceTargets.com reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on FREE. Zacks Investment Research cut Whole Earth Brands from a hold rating to a sell rating in a research note on Tuesday, August 10th. Jefferies Financial Group reissued a buy rating and set a $22.00 price objective on shares of Whole Earth Brands in a research note on Monday, August 30th. Finally, Canaccord Genuity assumed coverage on Whole Earth Brands in a research note on Wednesday, July 14th. They set a buy rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $19.29.

NASDAQ:FREE opened at $12.17 on Friday. The business’s 50-day moving average is $12.42 and its 200 day moving average is $13.03. The company has a current ratio of 2.33, a quick ratio of 0.87 and a debt-to-equity ratio of 1.27. Whole Earth Brands has a 12 month low of $7.71 and a 12 month high of $14.95. The company has a market capitalization of $469.34 million, a P/E ratio of -28.98 and a beta of 0.22.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FREE. Ameritas Investment Partners Inc. purchased a new stake in shares of Whole Earth Brands in the second quarter valued at approximately $42,000. Legal & General Group Plc purchased a new stake in shares of Whole Earth Brands in the second quarter valued at approximately $53,000. FORA Capital LLC boosted its holdings in shares of Whole Earth Brands by 55.0% in the second quarter. FORA Capital LLC now owns 5,492 shares of the company’s stock valued at $80,000 after purchasing an additional 1,949 shares during the period. Royal Bank of Canada purchased a new stake in shares of Whole Earth Brands in the second quarter valued at approximately $81,000. Finally, Man Group plc purchased a new stake in Whole Earth Brands during the first quarter worth $171,000. 74.44% of the stock is currently owned by hedge funds and other institutional investors.

About Whole Earth Brands

Act II Global Acquisition Corp. is a blank check company. It intends to focus on the business of following sector: consumer packaged goods, consumables and hospitality including restaurants. The company was founded on August 16, 2018 and is headquartered in New York, NY.

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Analyst Recommendations for Whole Earth Brands (NASDAQ:FREE)

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