Soho House & Co Inc. (NYSE:SHCO – Get Free Report)’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.
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 – Get Free Report) 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.
- Five stocks we like better than Soho House & Co Inc.
- What is MarketRank™? How to Use it
- 3 Underappreciated Stocks with Nowhere to Go But Up
- How Can Investors Benefit From After-Hours Trading
- These 5 Dividend Aristocrats are Quality Stocks for AI Investing
- Investing in Travel Stocks Benefits
- 3 Reasons Oshkosh Stock Is Headed to New Heights
Receive News & Ratings for Soho House & Co Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Soho House & Co Inc. and related companies with MarketBeat.com's FREE daily email newsletter.