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Shares of SmileDirectClub, Inc. (NASDAQ:SDC – Get Rating) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.04.
A number of equities analysts have issued reports on the company. Stephens decreased their price target on SmileDirectClub from $3.00 to $2.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 10th. Morgan Stanley lowered their target price on shares of SmileDirectClub from $2.00 to $1.15 and set an “equal weight” rating for the company in a report on Tuesday, August 9th. Loop Capital raised shares of SmileDirectClub from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Finally, William Blair restated a “market perform” rating on shares of SmileDirectClub in a research report on Monday, November 7th.
SmileDirectClub Price Performance
NASDAQ SDC opened at $0.60 on Wednesday. The stock has a market cap of $234.36 million, a price-to-earnings ratio of -0.76 and a beta of 1.93. SmileDirectClub has a fifty-two week low of $0.59 and a fifty-two week high of $3.24. The business has a fifty day moving average of $0.81 and a 200-day moving average of $1.09.
Hedge Funds Weigh In On SmileDirectClub
A number of large investors have recently added to or reduced their stakes in the company. SA Mason LLC purchased a new position in SmileDirectClub in the 1st quarter valued at $39,000. Buckingham Strategic Wealth LLC purchased a new stake in SmileDirectClub during the first quart $41,000. Humankind Investments LLC lifted its stake in SmileDirectClub by 74.3% during the first quarter. Humankind Investments LLC now owns 41,437 shares of the company’s stock worth $107,000 after purchasing an additional 17,662 shares during the last quarter. Cresset Asset Management LLC acquired a new position in SmileDirectClub during the first quarter worth approximately $31,000. Finally, Covestor Ltd acquired a new position in SmileDirectClub during the first quarter worth approximately $27,000. 9.00% of the stock is currently owned by institutional investors.
SmileDirectClub Company Profile
(Get Rating)
SmileDirectClub, Inc, an oral care company, offers clear aligner therapy treatment. 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 with a network of approximately 250 licensed orthodontists and general dentists through its teledentistry platform, SmileCheck in the United States, Puerto Rico, Canada, Australia, the United Kingdom, New Zealand, Ireland, Hong Kong, Germany, Singapore, France, Spain, and Austria.
See Also
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