Solo Brands, Inc. (NYSE:DTC – Get Free Report) has been assigned an average recommendation of “Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $9.75.
Separately, Craig Hallum assumed coverage on Solo Brands in a research report on Monday, September 25th. They issued a “buy” rating and a $8.00 price target on the stock.
Solo Brands Trading Up 14.1 %
Insider Activity at Solo Brands
In related news, CFO Somer Webb sold 115,537 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $4.35, for a total value of $502,585.95. Following the completion of the sale, the chief financial officer now owns 58,793 shares in the company, valued at $255,749.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.93% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio lifted its stake in Solo Brands by 217.4% during the second quarter. Strs Ohio now owns 69,500 shares of the company’s stock worth $393,000 after purchasing an additional 47,600 shares during the period. Summit Global Investments bought a new position in Solo Brands during the second quarter worth about $653,000. Victory Capital Management Inc. acquired a new stake in shares of Solo Brands during the second quarter worth approximately $739,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Solo Brands during the second quarter worth approximately $36,000. Finally, MYDA Advisors LLC increased its holdings in shares of Solo Brands by 340.0% during the first quarter. MYDA Advisors LLC now owns 220,000 shares of the company’s stock worth $1,580,000 after buying an additional 170,000 shares in the last quarter. Institutional investors own 75.38% of the company’s stock.
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.
- Five stocks we like better than Solo Brands
- The 3 Best Blue-Chip Stocks to Buy Now
- The most upgraded stocks in November have two things in common
- Canada Bond Market Holiday: How to Invest and Trade
- Monday.com rocked earnings like it’s the weekend
- P/E Ratio Calculation: How to Assess Stocks
- Plan to own one retailer? Make it this one
Receive News & Ratings for Solo Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solo Brands and related companies with MarketBeat.com's FREE daily email newsletter.