Smart Sand (NASDAQ:SND) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Smart Sand from “hold” to “buy,” while Weiss Ratings maintained a “hold (c)” rating; the overall analyst consensus remains “Hold.”
• Smart Sand shares opened at $4.52, with a 52-week range of $1.82 to $5.92 and a market capitalization of approximately $194.3 million. The company reported quarterly revenue of $93.11 million and a loss of $0.10 per share.
• Institutional investors and hedge funds own 35.21% of Smart Sand, with several firms recently increasing or initiating positions, including Arrowstreet Capital and Ritholtz Wealth Management.

Smart Sand (NASDAQ:SND - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Sunday.

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Smart Sand in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Smart Sand Price Performance

Shares of SND stock opened at $4.52 on Friday. Smart Sand has a fifty-two week low of $1.82 and a fifty-two week high of $5.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.66. The business's 50 day moving average price is $4.82 and its 200-day moving average price is $4.80. The firm has a market cap of $194.30 million, a P/E ratio of 8.22 and a beta of 0.30.

Smart Sand (NASDAQ:SND - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $93.11 million during the quarter.

Institutional Investors Weigh In On Smart Sand

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ritholtz Wealth Management grew its position in Smart Sand by 156.8% during the fourth quarter. Ritholtz Wealth Management now owns 207,723 shares of the company's stock worth $831,000 after buying an additional 126,848 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Smart Sand by 59.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 798,823 shares of the company's stock valued at $4,090,000 after acquiring an additional 298,017 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Smart Sand during the 4th quarter worth approximately $146,000. Occudo Quantitative Strategies LP acquired a new stake in shares of Smart Sand in the 4th quarter worth approximately $71,000. Finally, Squarepoint Ops LLC acquired a new position in Smart Sand in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 35.21% of the company's stock.

About Smart Sand

Smart Sand, Inc NASDAQ: SND is a U.S.-based industrial mineral company specializing in the mining, processing and distribution of high-purity silica sand. The company's primary business centers on the production of frac sand for the oil and gas industry, as well as specialty sand products for foundry, glass and construction applications. Through an integrated network of mines, processing plants and trans-load facilities, Smart Sand delivers precision-engineered sand solutions designed to meet stringent performance and purity requirements.

Smart Sand's operations include flagship mining and processing facilities in Wisconsin, which supply Northern White silica sand, and production sites in Texas, strategically located to serve major U.S.

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