Weiss Ratings Reaffirms "Sell (D+)" Rating for Smart Sand (NASDAQ:SND)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D+)" rating for Smart Sand (NASDAQ:SND), indicating a negative outlook for the stock.
• In contrast, Wall Street Zen has upgraded Smart Sand from a "Hold" to a "Buy" rating, highlighting diverging opinions among analysts.
• Smart Sand recently reported a quarterly revenue of $85.77 million, surpassing estimates of $60 million, while the company also saw CEO Charles Young purchase shares for a total of $38,200.

Smart Sand (NASDAQ:SND - Get Free Report)'s stock had its "sell (d+)" rating reissued by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Smart Sand from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".

Smart Sand Trading Up 1.9%

NASDAQ:SND opened at $2.19 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 0.07. The business's 50 day moving average is $1.99 and its two-hundred day moving average is $2.03. Smart Sand has a 52 week low of $1.76 and a 52 week high of $2.80. The company has a market cap of $95.40 million, a PE ratio of 219.00 and a beta of 0.78.

Smart Sand (NASDAQ:SND - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. Smart Sand had a negative return on equity of 8.83% and a net margin of 0.26%.The company had revenue of $85.77 million for the quarter, compared to the consensus estimate of $60.00 million. On average, analysts predict that Smart Sand will post 0.07 EPS for the current year.

Insider Buying and Selling

In other Smart Sand news, CEO Charles Edwin Young bought 20,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were purchased at an average cost of $1.91 per share, for a total transaction of $38,200.00. Following the transaction, the chief executive officer directly owned 1,477,628 shares in the company, valued at $2,822,269.48. The trade was a 1.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders purchased 39,031 shares of company stock valued at $74,421. 34.00% of the stock is owned by company insiders.

Institutional Trading of Smart Sand

Several large investors have recently added to or reduced their stakes in the business. Gendell Jeffrey L increased its position in Smart Sand by 18.1% in the 2nd quarter. Gendell Jeffrey L now owns 2,039,861 shares of the company's stock valued at $4,100,000 after acquiring an additional 312,789 shares during the period. Acadian Asset Management LLC increased its position in Smart Sand by 16.0% in the 1st quarter. Acadian Asset Management LLC now owns 824,744 shares of the company's stock valued at $2,132,000 after acquiring an additional 113,612 shares during the period. Bridgeway Capital Management LLC increased its position in Smart Sand by 2.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 569,488 shares of the company's stock valued at $1,145,000 after acquiring an additional 14,390 shares during the period. Geode Capital Management LLC increased its position in Smart Sand by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 444,089 shares of the company's stock valued at $893,000 after acquiring an additional 6,551 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Smart Sand by 19.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 384,416 shares of the company's stock valued at $773,000 after acquiring an additional 61,473 shares during the period. 35.21% of the stock is currently owned by institutional investors and hedge funds.

Smart Sand Company Profile

Smart Sand, Inc, an integrated frac and industrial sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides proppant logistics services; and wellsite storage solutions through SmartSystems products and services.

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