Brokerages Set Solo Brands, Inc. (NYSE:DTC) Price Target at $2.52

Solo Brands, Inc. (NYSE:DTC) has been assigned an average rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $2.52.

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

Solo Brands Price Performance

Shares of NYSE:DTC opened at $0.92 on Thursday. The business has a 50 day moving average price of $1.09 and a 200 day moving average price of $1.35. The company has a market cap of $84.52 million, a price-to-earnings ratio of -0.27 and a beta of 2.45. The company has a quick ratio of 0.60, a current ratio of 1.57 and a debt-to-equity ratio of 0.60. Solo Brands has a twelve month low of $0.90 and a twelve month high of $3.03.

Institutional Investors Weigh In On Solo Brands

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Solo Brands by 67.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,085,462 shares of the company’s stock worth $2,941,000 after purchasing an additional 841,611 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Solo Brands by 72.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 536,282 shares of the company’s stock worth $756,000 after purchasing an additional 225,604 shares in the last quarter. Geode Capital Management LLC grew its position in Solo Brands by 27.4% during the third quarter. Geode Capital Management LLC now owns 599,370 shares of the company’s stock worth $845,000 after buying an additional 129,085 shares in the last quarter. Verition Fund Management LLC raised its stake in Solo Brands by 668.6% in the third quarter. Verition Fund Management LLC now owns 99,780 shares of the company’s stock valued at $141,000 after purchasing an additional 86,798 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings 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 worth $297,000 after acquiring an additional 62,530 shares during the period. Institutional investors own 84.48% 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.