Solo Brands, Inc. (NYSE:DTC) Receives Consensus Rating of “Hold” from Analysts

Shares of Solo Brands, Inc. (NYSE:DTC) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $2.93.

Separately, Canaccord Genuity Group reissued a “buy” rating and set a $3.00 price objective on shares of Solo Brands in a report on Tuesday, November 19th.

Hedge Funds Weigh In On Solo Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in shares of Solo Brands by 7.4% in the 2nd quarter. American Century Companies Inc. now owns 5,561,257 shares of the company’s stock worth $12,680,000 after acquiring an additional 384,989 shares during the period. AQR Capital Management LLC grew its position in Solo Brands by 9.4% during the second quarter. AQR Capital Management LLC now owns 719,307 shares of the company’s stock worth $1,640,000 after buying an additional 62,014 shares during the period. Sei Investments Co. grew its holdings in shares of Solo Brands by 7.1% in the 2nd quarter. Sei Investments Co. now owns 623,283 shares of the company’s stock worth $1,421,000 after acquiring an additional 41,073 shares during the period. Geode Capital Management LLC increased its position in shares of Solo Brands by 27.4% in the third quarter. Geode Capital Management LLC now owns 599,370 shares of the company’s stock valued at $845,000 after buying an additional 129,085 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Solo Brands by 72.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 536,282 shares of the company’s stock valued at $756,000 after acquiring an additional 225,604 shares in the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Solo Brands Trading Down 0.9 %

NYSE:DTC opened at $1.12 on Wednesday. Solo Brands has a 1 year low of $1.03 and a 1 year high of $6.36. The stock has a market cap of $102.67 million, a P/E ratio of -0.33 and a beta of 2.50. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.60 and a current ratio of 1.57. The stock has a 50-day simple moving average of $1.25 and a 200-day simple moving average of $1.62.

About Solo Brands

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.