Citigroup upgraded shares of Solo Brands (NYSE:DTC) from a neutral rating to a buy rating in a research report report published on Wednesday morning, PriceTargets.com reports. The firm currently has $20.00 target price on the stock, up from their prior target price of $17.00.
Several other research firms also recently commented on DTC. JPMorgan Chase & Co. began coverage on Solo Brands in a research report on Monday, November 22nd. They issued an overweight rating and a $27.00 target price for the company. Credit Suisse Group began coverage on Solo Brands in a research report on Monday, November 22nd. They issued an outperform rating and a $28.00 target price for the company. Jefferies Financial Group increased their target price on Solo Brands from $32.00 to $33.00 and gave the company a buy rating in a research report on Tuesday. William Blair started coverage on Solo Brands in a research report on Monday, November 22nd. They issued an outperform rating for the company. Finally, Piper Sandler started coverage on Solo Brands in a research note on Monday, November 22nd. They issued an overweight rating and a $23.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Solo Brands has a consensus rating of Buy and a consensus price target of $26.50.
NYSE:DTC opened at $15.93 on Wednesday. The firm’s fifty day moving average is $16.59. The company has a quick ratio of 1.07, a current ratio of 4.98 and a debt-to-equity ratio of 0.92. Solo Brands has a fifty-two week low of $13.46 and a fifty-two week high of $23.39.
In related news, CEO John Merris bought 14,126 shares of the company’s stock in a transaction dated Tuesday, December 14th. The shares were bought at an average price of $14.12 per share, for a total transaction of $199,459.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Solo Brands Company Profile
Solo Brands Inc is a DTC platform which offers products directly to consumers primarily online through lifestyle brands Solo Stove firepits, stoves, and accessories, Chubbies apparel, Oru Kayak, a folding portable kayak and Isle paddleboards. Solo Brands Inc is based in SOUTHLAKE, Texas.
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