Solo Brands, Inc. (NYSE:DTC) Given Average Recommendation of “Hold” by Analysts

Shares of Solo Brands, Inc. (NYSE:DTC) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $2.52.

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

Solo Brands Trading Down 2.4 %

NYSE:DTC opened at $1.02 on Thursday. The company has a market capitalization of $93.05 million, a PE ratio of -0.30 and a beta of 2.48. Solo Brands has a 52-week low of $1.00 and a 52-week high of $3.03. The stock has a fifty day simple moving average of $1.12 and a 200-day simple moving average of $1.40. The company has a quick ratio of 0.60, a current ratio of 1.57 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DTC. JPMorgan Chase & Co. grew its holdings in shares of Solo Brands by 67.7% during the third quarter. JPMorgan Chase & Co. now owns 2,085,462 shares of the company’s stock worth $2,941,000 after buying an additional 841,611 shares in the last quarter. AQR Capital Management LLC grew its stake in Solo Brands by 9.4% in the 2nd quarter. AQR Capital Management LLC now owns 719,307 shares of the company’s stock worth $1,640,000 after acquiring an additional 62,014 shares during the period. Sei Investments Co. raised its holdings in Solo Brands by 7.1% in the 2nd quarter. Sei Investments Co. now owns 623,283 shares of the company’s stock valued at $1,421,000 after acquiring an additional 41,073 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Solo Brands by 27.4% during the 3rd quarter. Geode Capital Management LLC now owns 599,370 shares of the company’s stock worth $845,000 after purchasing an additional 129,085 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Solo Brands by 72.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 536,282 shares of the company’s stock worth $756,000 after purchasing an additional 225,604 shares during the last quarter. 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.