SmileDirectClub (NASDAQ:SDC) Upgraded by Zacks Investment Research to “Buy”

SmileDirectClub (NASDAQ:SDC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. The brokerage currently has a $8.50 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 11.55% from the stock’s current price.

According to Zacks, “SmileDirectClub is in the oral care industry. Their clear-aligner treatment addresses the large global orthodontics market. “

Several other equities analysts have also issued reports on the company. Goldman Sachs Group lowered SmileDirectClub from a “neutral” rating to a “sell” rating and lowered their price target for the company from $9.00 to $3.00 in a research note on Tuesday, April 7th. Jefferies Financial Group restated a “hold” rating and set a $6.50 price target on shares of SmileDirectClub in a research note on Thursday, May 14th. ValuEngine upgraded SmileDirectClub from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Stephens assumed coverage on SmileDirectClub in a research note on Wednesday, June 24th. They set an “overweight” rating and a $11.00 price target on the stock. Finally, William Blair reiterated a “buy” rating on shares of SmileDirectClub in a research note on Monday, June 22nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. SmileDirectClub has a consensus rating of “Buy” and a consensus target price of $11.86.

NASDAQ SDC opened at $7.62 on Tuesday. SmileDirectClub has a twelve month low of $3.64 and a twelve month high of $21.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.21 and a current ratio of 2.34. The stock has a market capitalization of $2.89 billion and a PE ratio of -6.76. The stock has a 50-day simple moving average of $7.78 and a 200 day simple moving average of $8.33.

SmileDirectClub (NASDAQ:SDC) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The company had revenue of $196.65 million during the quarter, compared to analyst estimates of $205.64 million. As a group, equities research analysts forecast that SmileDirectClub will post -0.65 EPS for the current fiscal year.

In other SmileDirectClub news, insider Kay Oswald sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $10.04, for a total transaction of $100,400.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 66.04% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of SDC. NEXT Financial Group Inc acquired a new position in SmileDirectClub during the 1st quarter worth $26,000. Wealthcare Advisory Partners LLC lifted its holdings in SmileDirectClub by 366.7% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 7,000 shares of the company’s stock worth $33,000 after buying an additional 5,500 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of SmileDirectClub by 27.7% in the 1st quarter. Fifth Third Bancorp now owns 8,300 shares of the company’s stock valued at $39,000 after purchasing an additional 1,800 shares during the period. Truvestments Capital LLC acquired a new position in shares of SmileDirectClub in the 1st quarter valued at $45,000. Finally, North Point Portfolio Managers Corp OH acquired a new position in shares of SmileDirectClub in the 1st quarter valued at $47,000. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

About SmileDirectClub

SmileDirectClub, Inc operates a teledentistry platform that provides member's with a customized clear aligner therapy treatment in the United States and internationally. The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a doctor, and monitoring through completion of their treatment proprietary with a network of approximately 240 state licensed orthodontists and general dentists through its teledentistry platform, SmileCheck.

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