Goldstone Financial Group LLC Buys New Shares in Digital Brands Group, Inc. $DBGI

Goldstone Financial Group LLC bought a new position in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 42,389 shares of the company’s stock, valued at approximately $348,000. Goldstone Financial Group LLC owned about 0.94% of Digital Brands Group at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Digital Brands Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Digital Brands Group Stock Up 2.1%

DBGI stock opened at $11.92 on Tuesday. Digital Brands Group, Inc. has a 1-year low of $1.03 and a 1-year high of $17.13. The business’s 50 day simple moving average is $8.31 and its 200 day simple moving average is $9.17. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $97.62 million, a PE ratio of -4.10 and a beta of 0.39.

Digital Brands Group (NASDAQ:DBGI) last announced its quarterly earnings results on Friday, November 14th. The company reported ($1.18) earnings per share (EPS) for the quarter. Digital Brands Group had a negative net margin of 164.57% and a negative return on equity of 186.24%. The business had revenue of $1.65 million for the quarter.

Digital Brands Group Company Profile

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.