Soho House & Co Inc. (NYSE:SHCO) Trading Up 1.7%

Soho House & Co Inc. (NYSE:SHCO) rose 1.7% during mid-day trading on Monday . The company traded as high as $4.78 and last traded at $4.72. Approximately 10,496 shares were traded during trading, a decline of 95% from the average daily volume of 224,589 shares. The stock had previously closed at $4.64.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their target price on Soho House & Co Inc. from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.10.

Soho House & Co Inc. Stock Up 7.8 %

The stock has a market cap of $978.37 million, a price-to-earnings ratio of -5.78 and a beta of 0.74. The business has a 50-day moving average of $5.37 and a 200-day moving average of $5.59.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings data on Friday, May 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.02). The company had revenue of $263.15 million for the quarter, compared to analyst estimates of $258.25 million. Equities analysts anticipate that Soho House & Co Inc. will post -0.35 earnings per share for the current year.

Insider Activity

In other Soho House & Co Inc. news, CEO Andrew Carnie sold 45,561 shares of Soho House & Co Inc. stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $5.61, for a total value of $255,597.21. Following the completion of the transaction, the chief executive officer now owns 1,013,413 shares in the company, valued at approximately $5,685,246.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 114,990 shares of company stock worth $632,615. 75.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jump Financial LLC grew its stake in Soho House & Co Inc. by 23.2% in the 4th quarter. Jump Financial LLC now owns 16,015 shares of the company’s stock valued at $114,000 after buying an additional 3,015 shares during the last quarter. Walleye Trading LLC acquired a new stake in shares of Soho House & Co Inc. during the 1st quarter worth $79,000. Thematics Asset Management increased its holdings in Soho House & Co Inc. by 4.3% in the 4th quarter. Thematics Asset Management now owns 407,731 shares of the company’s stock valued at $2,903,000 after buying an additional 16,814 shares during the period. Sapient Capital LLC acquired a new position in Soho House & Co Inc. during the fourth quarter valued at approximately $387,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Soho House & Co Inc. during the 1st quarter worth $411,000. 62.35% of the stock is currently owned by institutional investors.

Soho House & Co Inc. Company Profile

Soho House & Co Inc operates a global membership platform of physical and digital spaces that connects a group of members. The company helps the members to use the platform to work, socialize, connect, create, and flourish all over the world. The company was formerly known as Membership Collective Group Inc and changed its name to Soho House & Co Inc in March 2023.