SmileDirectClub (NASDAQ:SDC) PT Lowered to $17.00

SmileDirectClub (NASDAQ:SDC) had its price objective trimmed by Credit Suisse Group from $18.00 to $17.00 in a research report released on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Loop Capital assumed coverage on shares of SmileDirectClub in a research note on Monday, October 7th. They issued a buy rating and a $20.00 price objective on the stock. Bank of America assumed coverage on shares of SmileDirectClub in a research note on Monday, October 7th. They issued a buy rating and a $19.00 price objective on the stock. Citigroup assumed coverage on shares of SmileDirectClub in a research note on Monday, October 7th. They issued a buy rating and a $19.00 price objective on the stock. Guggenheim assumed coverage on shares of SmileDirectClub in a research note on Monday, October 7th. They issued a buy rating and a $24.00 price objective on the stock. Finally, William Blair assumed coverage on shares of SmileDirectClub in a research note on Monday, October 7th. They issued an outperform rating on the stock. Ten analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average target price of $21.00.

Shares of SDC traded down $0.29 during trading hours on Wednesday, reaching $8.60. 7,192,400 shares of the company traded hands, compared to its average volume of 5,432,402. SmileDirectClub has a 1-year low of $8.52 and a 1-year high of $21.10. The firm has a fifty day moving average of $11.57.

SmileDirectClub (NASDAQ:SDC) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.89) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.10. The business had revenue of $180.20 million during the quarter, compared to the consensus estimate of $165.30 million. The firm’s revenue was up 50.5% compared to the same quarter last year. Equities research analysts predict that SmileDirectClub will post -1.22 earnings per share for the current year.

In other news, CEO David B. Katzman bought 37,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were bought at an average cost of $18.50 per share, for a total transaction of $684,500.00. Also, major shareholder Cd&R Investment Associates X, sold 2,275,857 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $21.85, for a total transaction of $49,727,475.45. Over the last ninety days, insiders acquired 43,800 shares of company stock worth $808,019.

Institutional investors and hedge funds have recently bought and sold shares of the business. Douglas Lane & Associates LLC acquired a new stake in shares of SmileDirectClub during the third quarter worth $166,000. Signaturefd LLC acquired a new stake in shares of SmileDirectClub during the third quarter worth $65,000. Integrated Investment Consultants LLC acquired a new stake in shares of SmileDirectClub during the third quarter worth $261,000. Segantii Capital Management Ltd acquired a new stake in shares of SmileDirectClub during the third quarter worth $1,041,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of SmileDirectClub during the third quarter worth $325,000. Institutional investors own 0.24% 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 approximately 240 state licensed orthodontists and general dentists through its teledentistry platform, SmileCheck.

Featured Article: Different Options Trading Strategies

The Fly

Analyst Recommendations for SmileDirectClub (NASDAQ:SDC)

Receive News & Ratings for SmileDirectClub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SmileDirectClub and related companies with MarketBeat.com's FREE daily email newsletter.