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SmileDirectClub, Inc. (NASDAQ:SDC – Get Rating) has been given a consensus recommendation of “Hold” by the eight firms research that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $2.45.
A number of equities research analysts recently commented on the company. Stifel Nicolaus decreased their target price on SmileDirectClub from $2.00 to $1.00 in a research report on Friday, June 17th. Stephens decreased their price objective on SmileDirectClub from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 10th. Finally, Morgan Stanley decreased their price objective on SmileDirectClub from $2.00 to $1.15 and set an “equal weight” rating on the stock in a research report on Tuesday, August 9th .
Institutional Trading of SmileDirectClub
A number of hedge funds have recently bought and sold shares of SDC. International Assets Investment Management LLC lifted its holdings in SmileDirectClub by 34.4% during the fourth quarter. International Assets Investment Management LLC now owns 60,079 shares of the company’s stock worth $141,000 after buying an additional 15,379 shares during the period. Northern Trust Corp lifted its holdings in SmileDirectClub by 14.8% during the fourth quarter. Northern Trust Corp now owns 323,263 shares of the company’s stock worth $760,000 after buying an additional 41,696 shares during the period. HighTower Advisors LLC purchased a new stake in SmileDirectClub during the fourth quarter worth $26,000. WINTON GROUP Ltd purchased a new stake in SmileDirectClub during the fourth quarter worth $114,000. Finally, Bank of Montreal Can lifted its holdings in shares of SmileDirectClub by 3.7% during the 4th quarter. Bank of Montreal Can now owns 434,091 shares of the company’s stock valued at $1,063,000 after purchasing an additional 15,584 shares during the last quarter. Hedge funds and other institutional investors own 9.00% of the company’s stock.
SmileDirectClub Stock Up 12.5%
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Shares of SmileDirectClub stock opened at $1.26 on Friday. The stock’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.62. SmileDirectClub has a 52 week low of $0.98 and a 52 week high of $7.42. The company has a market capitalization of $491.35 million, a price-to-earnings ratio of -1.50 and a beta of 2.15.
SmileDirectClub (NASDAQ:SDC – Get Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The firm had revenue of $125.80 million during the quarter, compared to analyst estimates of $141.86 million. During the same quarter last year, the firm earned ($0.14) EPS. The firm’s quarterly revenue was down 27.8% on a year-over-year basis. On average, equities analysts expect that SmileDirectClub will post -0.75 earnings per share for the current year.
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.
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