SmileDirectClub (NASDAQ:SDC) has earned an average rating of “Buy” from the sixteen ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $11.79.
SDC has been the subject of several research analyst reports. UBS Group lowered their price target on shares of SmileDirectClub from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, May 20th. Stifel Nicolaus reiterated a “buy” rating and set a $11.00 price target (up from $9.00) on shares of SmileDirectClub in a report on Sunday, July 12th. William Blair reiterated a “buy” rating on shares of SmileDirectClub in a report on Monday, June 22nd. Goldman Sachs Group cut shares of SmileDirectClub from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $9.00 to $3.00 in a research note on Tuesday, April 7th. Finally, Bank of America cut shares of SmileDirectClub from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $10.00 to $7.00 in a research note on Thursday, May 14th.
SDC traded down $0.20 during trading on Friday, hitting $8.45. 2,387,206 shares of the stock traded hands, compared to its average volume of 3,660,939. SmileDirectClub has a twelve month low of $3.64 and a twelve month high of $21.10. The company has a market cap of $3.25 billion and a price-to-earnings ratio of -7.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.34 and a quick ratio of 2.21. The business has a 50 day moving average price of $8.11 and a 200 day moving average price of $8.31.
SmileDirectClub (NASDAQ:SDC) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.06). The firm had revenue of $196.65 million for the quarter, compared to the consensus estimate of $205.64 million. On average, equities research analysts predict that SmileDirectClub will post -0.66 earnings per share for the current year.
In other SmileDirectClub news, insider Kay Oswald sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $10.04, for a total transaction of $100,400.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 66.04% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of SmileDirectClub during the 4th quarter worth about $17,480,000. Royal Bank of Canada boosted its position in shares of SmileDirectClub by 246.2% during the 1st quarter. Royal Bank of Canada now owns 51,763 shares of the company’s stock worth $242,000 after purchasing an additional 36,811 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of SmileDirectClub by 31.4% during the 1st quarter. Bank of New York Mellon Corp now owns 137,871 shares of the company’s stock worth $644,000 after purchasing an additional 32,939 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of SmileDirectClub during the 1st quarter worth about $75,000. Finally, NEXT Financial Group Inc bought a new position in shares of SmileDirectClub during the 1st quarter worth about $26,000. 18.11% of the stock is currently owned by institutional investors.
SmileDirectClub, Inc operates a teledentistry platform that provides member's with a customized clear aligner therapy treatment in the United States and internationally. The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a doctor, and monitoring through completion of their treatment proprietary with a network of approximately 240 state licensed orthodontists and general dentists through its teledentistry platform, SmileCheck.
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