Reed's, Inc. (REED) CFO Daniel V. Miles Purchases 5,000 Shares

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Reed's, Inc. (NYSEMKT:REED) CFO Daniel V. Miles acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was purchased at an average price of $3.26 per share, for a total transaction of $16,300.00. Following the transaction, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at approximately $81,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Reed's, Inc. (NYSEMKT:REED) opened at 3.53 on Tuesday. The company’s 50 day moving average is $2.79 and its 200 day moving average is $3.73. The stock’s market cap is $49.10 million. Reed's, Inc. has a 12 month low of $2.25 and a 12 month high of $6.91.
Reed's (NYSEMKT:REED) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. On average, analysts anticipate that Reed's, Inc. will post ($0.17) EPS for the current fiscal year.

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A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Reed's from a “hold” rating to a “sell” rating in a research report on Friday, August 12th. Wunderlich reiterated a “buy” rating and set a $8.00 price target (down previously from $10.00) on shares of Reed's in a research report on Friday, August 5th. Finally, Maxim Group reiterated a “buy” rating and set a $7.00 price target (down previously from $10.00) on shares of Reed's in a research report on Monday, June 6th.
Reed’s, Inc develops, manufactures, markets and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies and ice creams. The Company manufactures, licenses, markets and sells several product lines, such as Reed’s Ginger Brews; Virgil’s Root Beer, Cream Sodas, Dr. Better and Real Cola, including ZERO diet sodas; Culture Club Kombucha; China Colas; Reed’s Ginger candy and ice creams, and Sonoma Sparkler and other juice based products.

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