1,100,870 Shares in Solo Brands, Inc. $SBDS Acquired by Summit Partners L P

Summit Partners L P purchased a new position in shares of Solo Brands, Inc. (NYSE:SBDS) during the fourth quarter, Holdings Channel reports. The firm purchased 1,100,870 shares of the company’s stock, valued at approximately $6,660,000. Solo Brands makes up about 0.6% of Summit Partners L P’s holdings, making the stock its 7th biggest holding. Summit Partners L P owned 0.44% of Solo Brands as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings assumed coverage on Solo Brands in a research note on Wednesday, February 4th. They set a “sell (e+)” rating on the stock. Wall Street Zen upgraded Solo Brands to a “sell” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Solo Brands currently has a consensus rating of “Sell”.

Solo Brands Trading Down 5.3%

Shares of SBDS stock opened at $4.50 on Friday. The company has a 50 day moving average of $4.89. Solo Brands, Inc. has a twelve month low of $2.32 and a twelve month high of $33.43. The stock has a market cap of $11.53 million, a P/E ratio of -0.07 and a beta of 4.81. The company has a quick ratio of 1.24, a current ratio of 2.96 and a debt-to-equity ratio of 4.67.

Solo Brands (NYSE:SBDS) last announced its earnings results on Thursday, March 19th. The company reported $0.73 earnings per share for the quarter. Solo Brands had a negative return on equity of 8.67% and a negative net margin of 32.01%.The company had revenue of $94.03 million for the quarter.

Solo Brands Company Profile

Solo Brands, Inc (NYSE: SBDS) is a consumer products company focused on outdoor lifestyle and recreation. The company is best known for the Solo Stove brand of outdoor fire pits and portable wood-burning stoves that emphasize compact design and reduced smoke emissions. Its product lineup includes backyard fire pits, portable backpacking stoves, grills, cooking accessories and related outdoor gear designed for both casual backyard use and mobile outdoor activities.

Solo Brands markets and sells its products through a mix of direct-to-consumer e-commerce channels and third-party retail partners, supporting its branded stores and online presence with product content and community-oriented marketing.