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

Solo Brands, Inc. (NYSE:DTC) has been given an average recommendation of “Hold” by the eight analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $2.93.

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

Hedge Funds Weigh In On Solo Brands

A number of hedge funds have recently made changes to their positions in DTC. XTX Topco Ltd acquired a new position in Solo Brands during the 3rd quarter worth approximately $25,000. FMR LLC increased its holdings in Solo Brands by 235.1% during the 3rd quarter. FMR LLC now owns 30,232 shares of the company’s stock worth $43,000 after purchasing an additional 21,209 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new stake in Solo Brands in the second quarter valued at $43,000. Barclays PLC raised its stake in shares of Solo Brands by 562.2% in the 3rd quarter. Barclays PLC now owns 37,686 shares of the company’s stock valued at $53,000 after purchasing an additional 31,995 shares in the last quarter. Finally, Lakewood Asset Management LLC raised its stake in Solo Brands by 42.5% during the third quarter. Lakewood Asset Management LLC now owns 81,523 shares of the company’s stock valued at $115,000 after buying an additional 24,325 shares in the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Solo Brands Stock Down 0.9 %

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

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.