After grabbing 0.55 million shares, the institutional investor is now in possession of 0.55 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 0.87% having worth around $2.05 million. Moreover, Geode Capital Management LLC increased its share by 67844.0 to have a control over 0.39 million shares. And Hodges Capital Management, Inc. raised its holdings to 0.31 million shares by acquiring 0.31 million shares or 0.48% of the stake.
Solo Brands Inc. (DTC) concluded trading on 01/18/23 at a closing price of $4.07, with 0.22 million shares of worth about $0.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.92% during that period and on Wednesday the price saw a loss of about -0.73%. Currently the company’s common shares owned by public are about 63.47M shares, out of which, 63.36M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the DTC stock and their offered price forecasts bring an average price target of $8.07. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $9.00 and could fall to a lowest price of $7.00. The stock’s current price level is 49.57% above of average price target set by the analysts, while a rise to estimated low would result in gain of 41.86% for the stock. However, touching the estimated high of $9.00 would mean a gain of 54.78% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 18 times over the past 12 months. They bought 242,415 shares in 14 of the transactions. In 4 selling transactions, insiders dumped 8,414 shares.
American Century Small Cap Value, Wasatch Ultra Growth Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Solo Brands Inc. American Century Small Cap Value is currently holding 2.33 million shares of worth totaling $8.69 million. The company recently came selling -0.13 million shares which brought its stake up to 3.67% of the company’s outstanding shares. Vanguard Total Stock Market Index, after buying 0.83 million shares, have now control over 1.31% of the stake in the company. It holds 0.0 shares of worth $3.1 million.
Solo Brands Inc. (NYSE: DTC) started trading at $4.15, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 4.2800, or with a loss of -0.73%. Stock saw a price change of 1.75% in past 5 days and over the past one month there was a price change of 2.52%. Year-to-date (YTD), DTC shares are showing a performance of 9.41% which decreased to -74.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.39 but also hit the highest price of $15.50 during that period. The average intraday trading volume for Solo Brands Inc. shares is 189.59K. The stock is currently trading 7.02% above its 20-day simple moving average (SMA20), while that difference is down -1.23% for SMA50 and it goes to -13.77% lower than SMA200.
Divisadero Street Capital Managem acquired 0.55 million shares of Solo Brands Inc. having value of about $2.05 million. Holding of mutual funds in the company is about 13.07% while other institutional holders and individual stake holders have control over 17.01% and 0.44% of the stake respectively.
The stock has a current market capitalization of $385.71M. It has posted earnings per share of -$0.60 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DTC, volatility over the week remained 4.64% while standing at 5.68% over the month.
Analysts are in expectations that Solo Brands Inc. (DTC) stock would likely to be making an EPS of $0.07 in the current quarter, while forecast for next quarter EPS is $0.32 and it is $0.95 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.02 which is $0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 145.20% while it is estimated to decrease by -11.29% in next year.
Analysts at 8 brokerage firms have issued recommendations for the Solo Brands Inc. (DTC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.40. Out of those 8 Wall Street analysts, 8 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Canaccord Genuity on November 17, 2022 offering a Buy rating for the stock and assigned a target price of $7 to it. Coverage by Citigroup stated Solo Brands Inc. (DTC) stock as a Buy in their note to investors on January 12, 2022, suggesting a price target of $20 for the stock. On November 22, 2021, William Blair Initiated their recommendations, while on November 22, 2021, Piper Sandler Initiated their ratings for the stock with a price target of $23. Stock get an Overweight rating from JP Morgan on November 22, 2021.