Canaccord Genuity Group reiterated their hold rating on shares of Solo Brands (NYSE:DTC – Free Report) in a report released on Thursday morning,Benzinga reports. Canaccord Genuity Group currently has a $1.00 target price on the stock, down from their prior target price of $3.00.
Solo Brands Stock Down 8.7 %
Shares of DTC stock opened at $0.22 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.57 and a quick ratio of 0.60. The company has a market capitalization of $20.35 million, a price-to-earnings ratio of -0.06 and a beta of 2.49. The company’s fifty day moving average price is $0.91 and its 200-day moving average price is $1.16. Solo Brands has a one year low of $0.20 and a one year high of $2.57.
Institutional Trading of Solo Brands
Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in Solo Brands in the 3rd quarter valued at $25,000. WINTON GROUP Ltd bought a new stake in Solo Brands in the 4th quarter valued at $31,000. FMR LLC increased its holdings in Solo Brands by 235.1% in the 3rd quarter. FMR LLC now owns 30,232 shares of the company’s stock valued at $43,000 after acquiring an additional 21,209 shares during the last quarter. Barclays PLC increased its holdings in 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 acquiring an additional 31,995 shares during the last quarter. Finally, Williams & Novak LLC increased its holdings in Solo Brands by 156.1% in the 4th quarter. Williams & Novak LLC now owns 61,712 shares of the company’s stock valued at $70,000 after acquiring an additional 37,612 shares during the last quarter. 84.48% of the stock is currently owned by institutional investors.
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.
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