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

Shares of Solo Brands, Inc. (NYSE:DTC) have earned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $2.93.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in shares of Solo Brands by 7.4% in the 2nd quarter. American Century Companies Inc. now owns 5,561,257 shares of the company’s stock valued at $12,680,000 after acquiring an additional 384,989 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Solo Brands by 7.1% in 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 last quarter. AQR Capital Management LLC lifted its stake in shares of Solo Brands by 9.4% in the 2nd quarter. AQR Capital Management LLC now owns 719,307 shares of the company’s stock valued at $1,640,000 after purchasing an additional 62,014 shares during the last quarter. Lakewood Asset Management LLC boosted its holdings in shares of Solo Brands by 42.5% in the 3rd quarter. Lakewood Asset Management LLC now owns 81,523 shares of the company’s stock worth $115,000 after purchasing an additional 24,325 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of Solo Brands by 42.1% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 210,918 shares of the company’s stock valued at $297,000 after purchasing an additional 62,530 shares during the last quarter. 84.48% of the stock is owned by hedge funds and other institutional investors.

Solo Brands Stock Down 0.9 %

NYSE DTC opened at $1.15 on Friday. Solo Brands has a 12 month low of $1.03 and a 12 month high of $6.02. 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 stock has a market cap of $105.42 million, a PE ratio of -0.33 and a beta of 2.50. The stock’s 50 day moving average is $1.19 and its 200 day moving average is $1.54.

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.