SDC has been the subject of a number of other research reports. Zacks Investment Research raised shares of SmileDirectClub from a sell rating to a hold rating in a research note on Wednesday, August 19th. Guggenheim reissued a buy rating and set a $10.00 target price on shares of SmileDirectClub in a research note on Tuesday, August 18th. Stifel Nicolaus lifted their target price on shares of SmileDirectClub from $11.00 to $14.00 and gave the company a buy rating in a research note on Thursday, September 17th. Finally, Wolfe Research raised shares of SmileDirectClub from an underperform rating to a peer perform rating and set a $10.00 target price for the company in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. SmileDirectClub has a consensus rating of Hold and a consensus target price of $10.62.
SmileDirectClub stock opened at $9.42 on Wednesday. The company has a 50 day moving average price of $11.49 and a 200 day moving average price of $8.58. SmileDirectClub has a 52 week low of $3.64 and a 52 week high of $15.54. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.19 and a current ratio of 3.33. The firm has a market capitalization of $3.63 billion and a price-to-earnings ratio of -5.64.
SmileDirectClub (NASDAQ:SDC) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.12). The firm had revenue of $107.07 million during the quarter, compared to analyst estimates of $81.78 million. SmileDirectClub had a negative return on equity of 37.67% and a negative net margin of 25.06%. Equities analysts forecast that SmileDirectClub will post -0.69 earnings per share for the current fiscal year.
In other SmileDirectClub news, Director Richard F. Wallman bought 53,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of $7.80 per share, for a total transaction of $413,400.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kyle Wailes bought 20,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were acquired at an average price of $7.69 per share, for a total transaction of $153,800.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 2,029,260 shares of company stock worth $16,347,556. 66.04% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in SDC. Vanguard Group Inc. boosted its position in SmileDirectClub by 40.9% in the second quarter. Vanguard Group Inc. now owns 6,895,859 shares of the company’s stock valued at $54,477,000 after buying an additional 2,001,197 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of SmileDirectClub during the second quarter worth approximately $14,709,000. Morgan Stanley lifted its position in shares of SmileDirectClub by 357.0% during the first quarter. Morgan Stanley now owns 1,289,976 shares of the company’s stock worth $6,024,000 after purchasing an additional 1,007,685 shares in the last quarter. RiverPark Advisors LLC acquired a new position in shares of SmileDirectClub during the second quarter worth approximately $4,918,000. Finally, Captrust Financial Advisors lifted its position in shares of SmileDirectClub by 64.7% during the second quarter. Captrust Financial Advisors now owns 1,575,547 shares of the company’s stock worth $12,762,000 after purchasing an additional 618,970 shares in the last quarter. Hedge funds and other institutional investors own 17.73% of the company’s stock.
SmileDirectClub Company Profile
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 250 state licensed orthodontists and general dentists through its teledentistry platform, SmileCheck.
Further Reading: Net Margin
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