John Hilburn Iv Davis Acquires 70,127 Shares of Digital Brands Group (NASDAQ:DBGI) Stock

Digital Brands Group, Inc. (NASDAQ:DBGI) CEO John Hilburn Iv Davis purchased 70,127 shares of Digital Brands Group stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average cost of $0.70 per share, for a total transaction of $49,088.90. Following the completion of the transaction, the chief executive officer directly owned 70,128 shares in the company, valued at $49,089.60. This represents a 7,012,700.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Digital Brands Group Stock Performance

Digital Brands Group stock opened at $1.25 on Thursday. The stock’s 50 day moving average price is $1.28 and its 200 day moving average price is $5.35. The firm has a market capitalization of $26.75 million, a PE ratio of -0.46 and a beta of 0.17. Digital Brands Group, Inc. has a one year low of $0.26 and a one year high of $18.00.

Institutional Investors Weigh In On Digital Brands Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP purchased a new stake in Digital Brands Group during the 1st quarter worth approximately $29,000. Cantor Fitzgerald L. P. purchased a new stake in Digital Brands Group during the 3rd quarter worth approximately $221,000. Connective Capital Management LLC purchased a new stake in Digital Brands Group during the 4th quarter worth approximately $876,000. Geode Capital Management LLC purchased a new stake in Digital Brands Group during the 4th quarter worth approximately $890,000. Finally, Fifth Third Bancorp purchased a new stake in Digital Brands Group during the 1st quarter worth approximately $432,000. 1.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen lowered Digital Brands Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Brands Group in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.