Squarepoint Ops LLC Has $188,000 Holdings in Solo Brands, Inc. (NYSE:DTC)

Squarepoint Ops LLC lessened its position in shares of Solo Brands, Inc. (NYSE:DTC) by 60.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 82,344 shares of the company’s stock after selling 125,078 shares during the quarter. Squarepoint Ops LLC owned approximately 0.09% of Solo Brands worth $188,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in shares of Solo Brands by 10.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 115,837 shares of the company’s stock valued at $251,000 after acquiring an additional 10,722 shares in the last quarter. Williams & Novak LLC bought a new stake in shares of Solo Brands in the 2nd quarter valued at $42,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Solo Brands in the 2nd quarter valued at $43,000. Virtu Financial LLC bought a new stake in shares of Solo Brands in the 1st quarter valued at $42,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Solo Brands in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 84.48% of the company’s stock.

Wall Street Analysts Forecast Growth

DTC has been the subject of several research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $3.00 price objective on shares of Solo Brands in a research note on Monday, September 30th. Citigroup reduced their price target on shares of Solo Brands from $2.50 to $1.35 and set a “neutral” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Solo Brands currently has an average rating of “Hold” and a consensus target price of $2.93.

Solo Brands Price Performance

DTC opened at $1.42 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.49 and a quick ratio of 1.15. The company has a market capitalization of $130.11 million, a price-to-earnings ratio of -0.65 and a beta of 2.54. The firm’s fifty day moving average price is $1.45 and its two-hundred day moving average price is $1.85. Solo Brands, Inc. has a 1 year low of $1.08 and a 1 year high of $6.36.

Solo Brands (NYSE:DTC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The firm had revenue of $131.55 million for the quarter, compared to analysts’ expectations of $128.50 million. Solo Brands had a positive return on equity of 6.02% and a negative net margin of 25.62%. During the same period in the prior year, the firm earned $0.15 earnings per share. As a group, analysts anticipate that Solo Brands, Inc. will post 0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Christopher T. Metz purchased 134,826 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $1.30 per share, with a total value of $175,273.80. Following the acquisition, the chief executive officer now owns 500,000 shares of the company’s stock, valued at $650,000. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Solo Brands news, CEO Christopher T. Metz acquired 115,174 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was bought at an average price of $1.30 per share, with a total value of $149,726.20. Following the completion of the acquisition, the chief executive officer now owns 365,174 shares of the company’s stock, valued at $474,726.20. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher T. Metz acquired 134,826 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of $1.30 per share, with a total value of $175,273.80. Following the acquisition, the chief executive officer now directly owns 500,000 shares of the company’s stock, valued at $650,000. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.73% 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.