Solo Brands, Inc. (NYSE:DTC – Get Free Report) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $2.93.
Several research firms recently issued reports on DTC. Citigroup cut their target price on Solo Brands from $2.50 to $1.35 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Canaccord Genuity Group lowered their target price on shares of Solo Brands from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.
Read Our Latest Stock Analysis on Solo Brands
Solo Brands Price Performance
Insider Buying and Selling at Solo Brands
In other Solo Brands news, CEO Christopher T. Metz acquired 134,826 shares of the business’s stock in a transaction on Monday, August 12th. The stock was bought at an average price of $1.30 per share, for a total transaction of $175,273.80. Following the acquisition, the chief executive officer now owns 500,000 shares in the company, valued at $650,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Christopher T. Metz purchased 49,310 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was acquired at an average price of $1.97 per share, for a total transaction of $97,140.70. Following the acquisition, the chief executive officer now directly owns 250,000 shares of the company’s stock, valued at $492,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Christopher T. Metz purchased 134,826 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $1.30 per share, with a total value of $175,273.80. Following the acquisition, the chief executive officer now directly owns 500,000 shares in the company, valued at $650,000. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 351,676 shares of company stock worth $523,731. Insiders own 0.73% of the company’s stock.
Institutional Trading of Solo Brands
A number of hedge funds and other institutional investors have recently made changes to their positions in DTC. Parkside Financial Bank & Trust purchased a new position in shares of Solo Brands during the 4th quarter worth approximately $25,000. Williams & Novak LLC purchased a new position in shares of Solo Brands during the 2nd quarter worth approximately $42,000. Virtu Financial LLC purchased a new position in shares of Solo Brands during the 1st quarter worth approximately $42,000. Principal Financial Group Inc. purchased a new position in shares of Solo Brands during the 1st quarter worth approximately $43,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Solo Brands during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 84.48% of the company’s stock.
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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