Brokerages Set Solo Brands, Inc. (NYSE:DTC) PT at $2.93

Solo Brands, Inc. (NYSE:DTC - Get Free Report) has received a consensus recommendation of "Hold" from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $2.93.

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

Solo Brands Price Performance

DTC traded down $0.01 on Wednesday, reaching $1.16. 161,631 shares of the company's stock were exchanged, compared to its average volume of 529,608. The stock has a market cap of $106.34 million, a PE ratio of -0.34 and a beta of 2.50. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.57 and a quick ratio of 0.60. Solo Brands has a twelve month low of $1.03 and a twelve month high of $6.36. The stock's fifty day moving average price is $1.27 and its 200-day moving average price is $1.64.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of 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. Geode Capital Management LLC increased its holdings 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 acquiring an additional 129,085 shares during the last quarter. XTX Topco Ltd purchased a new stake in Solo Brands during the third quarter worth approximately $25,000. Jacobs Levy Equity Management Inc. raised its holdings 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 worth $756,000 after purchasing an additional 225,604 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of Solo Brands by 668.6% during the 3rd quarter. Verition Fund Management LLC now owns 99,780 shares of the company's stock worth $141,000 after buying an additional 86,798 shares during the last quarter. Hedge funds and other institutional investors own 84.48% of the company's stock.

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.