SOBR Safe (NASDAQ:SOBR) Stock Rating Lowered by Wall Street Zen

SOBR Safe (NASDAQ:SOBR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

SOBR Safe Stock Down 4.3%

Shares of SOBR opened at $3.11 on Friday. SOBR Safe has a 12-month low of $2.41 and a 12-month high of $814.00. The firm has a market capitalization of $286,120.00, a PE ratio of -0.06 and a beta of 0.66. The stock’s fifty day simple moving average is $3.80 and its 200-day simple moving average is $12.98.

SOBR Safe (NASDAQ:SOBR) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($1.46) earnings per share (EPS) for the quarter. SOBR Safe had a negative net margin of 4,872.83% and a negative return on equity of 414.80%. The firm had revenue of $0.09 million for the quarter.

Hedge Funds Weigh In On SOBR Safe

A hedge fund recently bought a new stake in SOBR Safe stock. Cetera Investment Advisers purchased a new stake in shares of SOBR Safe, Inc. (NASDAQ:SOBR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,000 shares of the company’s stock, valued at approximately $82,000. Cetera Investment Advisers owned 7.72% of SOBR Safe as of its most recent SEC filing. Institutional investors own 7.93% of the company’s stock.

About SOBR Safe

SOBR Safe, Inc, a hardware and software company, develops non-invasive alcohol detection, biometric identity verification, and real-time cloud-based alerts and reporting systems in North America. The company provides SOBRcheck, a stationary identification and alcohol monitoring product; and SOBRsure, a transdermal, alcohol-detecting wearable band.