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

Shares of Solo Brands, Inc. (NYSE:DTC) have earned a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $2.52.

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

Institutional Trading of Solo Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Solo Brands by 67.7% in the third quarter. JPMorgan Chase & Co. now owns 2,085,462 shares of the company’s stock valued at $2,941,000 after purchasing an additional 841,611 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Solo Brands by 9.4% in 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. raised its stake in Solo Brands by 7.1% during the 2nd quarter. Sei Investments Co. now owns 623,283 shares of the company’s stock valued at $1,421,000 after purchasing an additional 41,073 shares during the period. Geode Capital Management LLC lifted its stake in Solo Brands by 27.4% in the 3rd quarter. Geode Capital Management LLC now owns 599,370 shares of the company’s stock worth $845,000 after acquiring an additional 129,085 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Solo Brands by 72.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 536,282 shares of the company’s stock valued at $756,000 after purchasing an additional 225,604 shares in the last quarter. 84.48% of the stock is owned by institutional investors.

Solo Brands Price Performance

Solo Brands stock opened at $0.92 on Thursday. The stock has a market cap of $84.52 million, a P/E ratio of -0.27 and a beta of 2.45. Solo Brands has a 12-month low of $0.90 and a 12-month high of $3.03. The company has a current ratio of 1.57, a quick ratio of 0.60 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $1.09 and a 200-day simple moving average of $1.35.

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.