Solo Brands, Inc. (NYSE:DTC – Get Free Report) has received an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $2.93.
Several analysts have recently weighed in on the company. Canaccord Genuity Group decreased their target price on Solo Brands from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Citigroup lowered their price objective on shares of Solo Brands from $2.50 to $1.35 and set a “neutral” rating for the company in a research report on Thursday, August 8th.
Read Our Latest Stock Analysis on Solo Brands
Insider Buying and Selling at Solo Brands
Institutional Trading of Solo Brands
Hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new position in shares of Solo Brands during the 4th quarter worth approximately $25,000. Balboa Wealth Partners purchased a new stake in shares of Solo Brands during the 4th quarter valued at $72,000. Gladstone Institutional Advisory LLC acquired a new stake in shares of Solo Brands in the 4th quarter worth $97,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Solo Brands in the 4th quarter worth $113,000. Finally, Williams & Novak LLC purchased a new position in Solo Brands during the 2nd quarter worth $42,000. 84.48% of the stock is owned by hedge funds and other institutional investors.
Solo Brands Price Performance
DTC opened at $1.29 on Thursday. The business has a fifty day moving average of $2.09 and a 200 day moving average of $2.18. The stock has a market cap of $117.74 million, a P/E ratio of -0.64 and a beta of 2.62. The company has a quick ratio of 1.16, a current ratio of 2.80 and a debt-to-equity ratio of 0.45. Solo Brands has a 52-week low of $1.08 and a 52-week high of $6.64.
Solo Brands Company Profile
Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor and lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.
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