Soho House & Co Inc. (NYSE:SHCO) Trading 6.9% Higher Following Analyst Upgrade

Soho House & Co Inc. (NYSE:SHCO)’s share price shot up 6.9% on Wednesday after HSBC raised their price target on the stock from $8.00 to $9.00. The company traded as high as $7.80 and last traded at $7.79. 53,989 shares were traded during mid-day trading, a decline of 73% from the average session volume of 203,422 shares. The stock had previously closed at $7.29.

A number of other research analysts also recently weighed in on the company. Morgan Stanley raised their price target on Soho House & Co Inc. from $6.00 to $6.50 and gave the company an “equal weight” rating in a research note on Friday, August 25th. Roth Mkm reissued a “buy” rating and issued a $10.00 target price on shares of Soho House & Co Inc. in a research note on Monday, August 14th.

Insider Activity

In other news, CEO Andrew Carnie sold 20,238 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $5.39, for a total value of $109,082.82. Following the completion of the sale, the chief executive officer now directly owns 849,279 shares of the company’s stock, valued at $4,577,613.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Andrew Carnie sold 20,238 shares of Soho House & Co Inc. stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $5.39, for a total transaction of $109,082.82. Following the completion of the sale, the chief executive officer now owns 849,279 shares of the company’s stock, valued at approximately $4,577,613.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas Glassbrooke Allen sold 22,260 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $6.75, for a total transaction of $150,255.00. Following the sale, the chief financial officer now owns 31,590 shares of the company’s stock, valued at $213,232.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 131,451 shares of company stock valued at $762,220. 75.00% of the stock is owned by company insiders.

Soho House & Co Inc. Price Performance

The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -12.56 and a beta of 1.04. The firm’s 50 day moving average price is $6.10.

Soho House & Co Inc. (NYSE:SHCO) last posted its quarterly earnings data on Friday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.11. Soho House & Co Inc. had a negative net margin of 11.46% and a negative return on equity of 1,654.69%. The firm had revenue of $288.92 million during the quarter, compared to the consensus estimate of $285.18 million. During the same quarter in the previous year, the firm posted ($0.41) EPS. Sell-side analysts forecast that Soho House & Co Inc. will post -0.26 earnings per share for the current fiscal year.

Soho House & Co Inc. Company Profile

Soho House & Co Inc operates a global membership platform of physical and digital spaces that connects a group of members. These members use the platform to work, socialize, connect, create, and flourish all over the world. The company was formerly known as Membership Collective Group Inc and changed its name to Soho House & Co Inc in March 2023.