Digital Brands Group (NASDAQ:DBGI) Lowered to “Sell” Rating by Wall Street Zen

Digital Brands Group (NASDAQ:DBGI) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Digital Brands Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Digital Brands Group Price Performance

Shares of Digital Brands Group stock opened at $5.21 on Friday. The stock has a market cap of $42.67 million, a price-to-earnings ratio of -1.79 and a beta of 0.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.63 and a current ratio of 0.81. The stock has a 50 day moving average price of $9.98 and a 200-day moving average price of $8.93. Digital Brands Group has a one year low of $1.77 and a one year high of $18.00.

Institutional Trading of Digital Brands Group

A number of large investors have recently made changes to their positions in DBGI. Cantor Fitzgerald L. P. bought a new position in Digital Brands Group during the 3rd quarter worth about $221,000. Goldstone Financial Group LLC purchased a new stake in shares of Digital Brands Group in the 3rd quarter worth approximately $348,000. Connective Capital Management LLC purchased a new stake in shares of Digital Brands Group in the 4th quarter worth approximately $876,000. Finally, Geode Capital Management LLC bought a new position in shares of Digital Brands Group during the fourth quarter valued at approximately $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.