Shares of Solo Brands, Inc. (NYSE:DTC – Get Free Report) have earned a consensus rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $9.20.
Separately, Craig Hallum began coverage on Solo Brands in a research note on Monday, September 25th. They set a “buy” rating and a $8.00 price target for the company.
Solo Brands Price Performance
Insiders Place Their Bets
In other Solo Brands news, CFO Somer Webb sold 115,537 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $4.35, for a total value of $502,585.95. Following the completion of the transaction, the chief financial officer now owns 58,793 shares in the company, valued at $255,749.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.34% of the stock is currently owned by company insiders.
Institutional Trading of Solo Brands
Several large investors have recently bought and sold shares of the company. Millrace Asset Group Inc. acquired a new stake in Solo Brands in the third quarter valued at $1,819,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Solo Brands by 57.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 128,329 shares of the company’s stock valued at $654,000 after purchasing an additional 46,955 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Solo Brands by 3.7% during the third quarter. Northern Trust Corp now owns 195,964 shares of the company’s stock valued at $999,000 after acquiring an additional 6,944 shares during the last quarter. Brandywine Global Investment Management LLC boosted its stake in shares of Solo Brands by 13.4% during the third quarter. Brandywine Global Investment Management LLC now owns 189,329 shares of the company’s stock valued at $966,000 after acquiring an additional 22,439 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Solo Brands during the third quarter valued at $71,000. Institutional investors and hedge funds own 75.38% 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.
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