Solo Brands, Inc. (NYSE:DTC) CEO Christopher T. Metz Purchases 134,826 Shares

Solo Brands, Inc. (NYSE:DTC) CEO Christopher T. Metz acquired 134,826 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average price of $1.30 per share, with a total value of $175,273.80. Following the completion of the transaction, the chief executive officer now owns 500,000 shares of the company’s stock, valued at approximately $650,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Solo Brands Trading Up 4.7 %

Shares of DTC stock opened at $1.33 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.80 and a quick ratio of 1.16. The firm has a market cap of $121.39 million, a PE ratio of -0.66 and a beta of 2.62. The company has a 50-day moving average of $2.11 and a two-hundred day moving average of $2.19. Solo Brands, Inc. has a 1-year low of $1.08 and a 1-year high of $6.64.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust purchased a new position in shares of Solo Brands in the fourth quarter valued at approximately $25,000. Victory Capital Management Inc. boosted its stake in shares of Solo Brands by 23.7% in the fourth quarter. Victory Capital Management Inc. now owns 131,460 shares of the company’s stock valued at $810,000 after purchasing an additional 25,194 shares during the period. JFG Wealth Management LLC purchased a new position in shares of Solo Brands in the fourth quarter valued at approximately $154,000. Boston Partners purchased a new position in shares of Solo Brands in the fourth quarter valued at approximately $13,159,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Solo Brands by 47.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 105,115 shares of the company’s stock valued at $648,000 after purchasing an additional 33,638 shares during the period. Hedge funds and other institutional investors own 84.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup cut their price objective 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. Canaccord Genuity Group lowered their target price on shares of Solo Brands from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2.93.

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.