Digital Brands Group (NASDAQ:DBGI) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Digital Brands Group (NASDAQ:DBGI) from a hold rating to a sell rating in a research report released on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Brands Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Digital Brands Group Stock Performance

NASDAQ DBGI opened at $5.08 on Friday. The company’s 50 day simple moving average is $9.91 and its two-hundred day simple moving average is $8.88. The stock has a market capitalization of $41.61 million, a PE ratio of -1.75 and a beta of 0.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.81 and a quick ratio of 0.63. Digital Brands Group has a 1 year low of $1.77 and a 1 year high of $18.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cantor Fitzgerald L. P. bought a new stake in shares of Digital Brands Group in the 3rd quarter worth approximately $221,000. Goldstone Financial Group LLC purchased a new position in Digital Brands Group in the 3rd quarter worth $348,000. Connective Capital Management LLC purchased a new position in Digital Brands Group in the 4th quarter worth $876,000. Finally, Geode Capital Management LLC bought a new stake in Digital Brands Group in the fourth quarter worth $890,000. 1.56% of the stock is owned by hedge funds and other institutional investors.

About Digital Brands Group

Digital Brands Group Inc (NASDAQ: DBGI) operates as a digital consumption platform focused on acquiring, operating and scaling digitally native consumer brands. The company seeks to partner with emerging and established brands across categories such as fashion, home & lifestyle, health & wellness, and consumer electronics. By leveraging a centralized operating model, Digital Brands Group aims to drive revenue growth, expand market reach and enhance customer engagement for its portfolio companies.

At the core of Digital Brands Group’s strategy is its expertise in e-commerce, digital marketing and data analytics.