Bernardo Fiaux Acquires 19,962 Shares of Whole Earth Brands, Inc. (NASDAQ:FREE) Stock

Posted by Matthew Steigler on May 26th, 2023

Whole Earth Brands, Inc. (NASDAQ:FREE – Get Rating) CFO Bernardo Fiaux bought 19,962 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average cost of $3.25 per share, with a total value of $64,876.50. Following the completion of the purchase, the chief financial officer now owns 78,050 shares of the company’s stock, valued at $253,662.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bernardo Fiaux also recently made the following trade(s):

On Monday, May 22nd, Bernardo Fiaux purchased 12,553 shares of Whole Earth Brands stock. The stock was purchased at an average price of $3.15 per share, with a total value of $39,541.95.
On Thursday, May 18th, Bernardo Fiaux purchased 1,000 shares of Whole Earth Brands stock. The stock was purchased at an average price of $2.90 per share, with a total value of $2,900.00.

Whole Earth Brands Price Performance

Shares of NASDAQ:FREE traded down $0.27 during trading on Friday, reaching $2.86. The stock had a trading volume of 361,801 shares, compared to its average volume of 413,436. Whole Earth Brands, Inc. has a 1-year low of $2.09 and a 1-year high of $7.38. The stock has a market cap of $120.84 million, a PE ratio of -1.52 and a beta of 0.44. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.03 and a current ratio of 3.24. The business has a fifty day moving average price of $2.56 and a 200-day moving average price of $3.30.

Whole Earth Brands (NASDAQ:FREE – Get Rating) last released its quarterly earnings data on Monday, March 13th. The company reported ($1.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($1.45). The business had revenue of $138.90 million for the quarter, compared to analyst estimates of $139.59 million. Whole Earth Brands had a negative return on equity of 25.99% and a negative net margin of 15.05%. During the same period in the prior year, the company posted $0.10 earnings per share. On average, equities analysts forecast that Whole Earth Brands, Inc. will post -0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FREE. Lazard Asset Management LLC acquired a new stake in shares of Whole Earth Brands during the first quarter valued at about $37,000. UBS Group AG acquired a new position in Whole Earth Brands in the third quarter worth about $25,000. Tower Research Capital LLC TRC grew its stake in Whole Earth Brands by 62.3% in the third quarter. Tower Research Capital LLC TRC now owns 9,204 shares of the company’s stock worth $35,000 after purchasing an additional 3,533 shares in the last quarter. Two Sigma Investments LP bought a new position in Whole Earth Brands in the fourth quarter worth about $41,000. Finally, Virtu Financial LLC bought a new position in Whole Earth Brands in the first quarter worth about $26,000. Hedge funds and other institutional investors own 64.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FREE. Canaccord Genuity Group cut their price target on shares of Whole Earth Brands from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 14th. Roth Capital reiterated a “buy” rating on shares of Whole Earth Brands in a report on Thursday, March 16th. Finally, Imperial Capital assumed coverage on shares of Whole Earth Brands in a research report on Wednesday, April 12th. They issued an “outperform” rating and a $8.25 price target on the stock. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $8.85.

Whole Earth Brands Company Profile

(Get Rating)

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.