Brokerages Set Solo Brands, Inc. (NYSE:DTC) Price Target at $2.52

Solo Brands, Inc. (NYSE:DTC) has earned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.52.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DTC. XTX Topco Ltd purchased a new position in shares of Solo Brands during the 3rd quarter valued at approximately $25,000. FMR LLC grew its position in Solo Brands by 235.1% during the third quarter. FMR LLC now owns 30,232 shares of the company’s stock valued at $43,000 after buying an additional 21,209 shares during the period. Barclays PLC increased its holdings in Solo Brands by 562.2% in the third quarter. Barclays PLC now owns 37,686 shares of the company’s stock valued at $53,000 after buying an additional 31,995 shares in the last quarter. Williams & Novak LLC boosted its stake in shares of Solo Brands by 156.1% during the 4th quarter. Williams & Novak LLC now owns 61,712 shares of the company’s stock worth $70,000 after acquiring an additional 37,612 shares in the last quarter. Finally, Lakewood Asset Management LLC boosted its stake in shares of Solo Brands by 42.5% during the 3rd quarter. Lakewood Asset Management LLC now owns 81,523 shares of the company’s stock worth $115,000 after acquiring an additional 24,325 shares in the last quarter. 84.48% of the stock is owned by institutional investors and hedge funds.

Solo Brands Stock Down 1.8 %

NYSE:DTC opened at $0.98 on Thursday. The company has a current ratio of 1.57, a quick ratio of 0.60 and a debt-to-equity ratio of 0.60. Solo Brands has a twelve month low of $0.98 and a twelve month high of $3.03. The company has a market cap of $89.93 million, a PE ratio of -0.29 and a beta of 2.48. The company’s 50 day moving average is $1.11 and its two-hundred day moving average is $1.38.

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.