David Powers Purchases 15,500 Shares of Solo Brands, Inc. (NYSE:DTC) Stock

Solo Brands, Inc. (NYSE:DTC – Get Rating) Director David Powers purchased 15,500 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were acquired at an average cost of $6.49 per share, for a total transaction of $100,595.00. Following the completion of the acquisition, the director now owns 15,500 shares of the company’s stock, valued at $100,595. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Solo Brands Trading Up 7.2 %

Shares of NYSE DTC opened at $6.38 on Friday. The business’s 50 day moving average is $4.47 and its two-hundred day moving average is $4.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.91 and a quick ratio of 0.93. Solo Brands, Inc. has a 1-year low of $3.39 and a 1-year high of $10.21. The stock has a market capitalization of $610.57 million, a P/E ratio of -91.14, a PEG ratio of 0.49 and a beta of 1.91.

Institutional Investors Weigh In On Solo Brands

Several large investors have recently added to or reduced their stakes in DTC. UBS Group AG increased its stake in Solo Brands by 9,253.0% during the fourth quarter. UBS Group AG now owns 9,353 shares of the company’s stock worth $35,000 after acquiring an additional 9,253 shares during the last quarter. Zacks Investment Management bought a new stake in Solo Brands during the third quarter worth approximately $39,000. Great Lakes Advisors LLC bought a new stake in Solo Brands during the fourth quarter worth approximately $41,000. American International Group Inc. increased its stake in Solo Brands by 38.4% during the second quarter. American International Group Inc. now owns 10,287 shares of the company’s stock worth $42,000 after acquiring an additional 2,852 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Solo Brands during the fourth quarter valued at approximately $44,000. 78.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Credit Suisse Group lifted their target price on Solo Brands from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, March 10th. Piper Sandler lifted their target price on Solo Brands from $7.00 to $9.00 in a report on Friday, March 10th.

About Solo Brands

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Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor 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; grills, cook tops, and tools; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.