Beam Global (NASDAQ:BEEM) Given Hold Rating at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Beam Global (NASDAQ:BEEMFree Report) in a research note released on Wednesday, Benzinga reports.

A number of other equities research analysts have also issued reports on BEEM. HC Wainwright reaffirmed a buy rating and set a $30.00 target price on shares of Beam Global in a report on Wednesday. B. Riley dropped their target price on shares of Beam Global from $18.00 to $15.00 and set a buy rating for the company in a report on Thursday, April 18th. Finally, Roth Mkm reissued a buy rating and set a $9.00 price target on shares of Beam Global in a research report on Tuesday, April 23rd.

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Beam Global Stock Performance

Shares of NASDAQ BEEM opened at $6.11 on Wednesday. The firm has a market cap of $88.78 million, a PE ratio of -4.70 and a beta of 0.92. The firm has a fifty day moving average of $6.36 and a 200 day moving average of $6.47. Beam Global has a one year low of $5.00 and a one year high of $13.66.

Beam Global (NASDAQ:BEEMGet Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The company reported ($0.51) EPS for the quarter. Beam Global had a negative return on equity of 29.91% and a negative net margin of 22.16%. The company had revenue of $20.03 million during the quarter. On average, equities analysts predict that Beam Global will post -0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BEEM. AWM Investment Company Inc. boosted its position in shares of Beam Global by 39.4% during the 3rd quarter. AWM Investment Company Inc. now owns 592,363 shares of the company’s stock valued at $4,372,000 after acquiring an additional 167,363 shares during the last quarter. Vanguard Group Inc. lifted its position in Beam Global by 21.0% in the first quarter. Vanguard Group Inc. now owns 618,676 shares of the company’s stock valued at $4,207,000 after buying an additional 107,200 shares during the last quarter. Tidal Investments LLC acquired a new position in Beam Global in the first quarter valued at about $284,000. Oak Family Advisors LLC acquired a new position in Beam Global in the fourth quarter valued at about $264,000. Finally, Jump Financial LLC acquired a new position in Beam Global in the third quarter valued at about $130,000. Institutional investors and hedge funds own 26.59% of the company’s stock.

Beam Global Company Profile

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Beam Global, a clean-technology innovation company, engages in the design, development, engineering, manufacture, and sale of renewably energized infrastructure products and battery solutions. Its product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 150kW DC fast charge to one or more electric vehicles, such as electric buses, heavy-duty vehicles, agricultural equipment, public transportation, and electric vehicles used in the construction industry; and EV ARC DCFC, a DC fast charging system for charging EVs.

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