Solo Brands, Inc. (NYSE:DTC) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Solo Brands, Inc. (NYSE:DTC - Get Free Report) have been given an average rating of "Hold" by the six ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2.52.

Separately, Canaccord Genuity Group restated a "buy" rating and set a $3.00 price objective on shares of Solo Brands in a research note on Tuesday, November 19th.

Institutional Investors Weigh In On Solo Brands

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its holdings in Solo Brands by 5.1% in the 4th quarter. Empowered Funds LLC now owns 422,105 shares of the company's stock valued at $481,000 after acquiring an additional 20,390 shares in the last quarter. Williams & Novak LLC lifted its position in Solo Brands by 156.1% during the fourth quarter. Williams & Novak LLC now owns 61,712 shares of the company's stock worth $70,000 after purchasing an additional 37,612 shares during the period. JPMorgan Chase & Co. grew its stake in 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. 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 buying an additional 31,995 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Solo Brands by 27.4% in the 3rd quarter. Geode Capital Management LLC now owns 599,370 shares of the company's stock valued at $845,000 after buying an additional 129,085 shares in the last quarter. 84.48% of the stock is currently owned by institutional investors.

Solo Brands Stock Down 1.5 %

Shares of DTC stock traded down $0.02 during trading on Thursday, reaching $1.01. The company's stock had a trading volume of 138,402 shares, compared to its average volume of 206,542. The company has a quick ratio of 0.60, a current ratio of 1.57 and a debt-to-equity ratio of 0.60. Solo Brands has a one year low of $1.00 and a one year high of $3.03. The business has a fifty day moving average price of $1.12 and a 200-day moving average price of $1.40. The company has a market cap of $92.13 million, a price-to-earnings ratio of -0.29 and a beta of 2.48.

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.