A number of other equities analysts have also issued reports on SDC. Goldman Sachs Group decreased their price objective on SmileDirectClub from to in a report on Wednesday, February 26th. Craig Hallum initiated coverage on SmileDirectClub in a report on Monday, January 6th. They issued a “buy” rating and a $20.00 price objective for the company. William Blair reissued a “buy” rating on shares of SmileDirectClub in a report on Wednesday, February 26th. Bank of America decreased their price objective on SmileDirectClub from to in a report on Wednesday, February 26th. Finally, Loop Capital restated a “buy” rating and issued a $15.00 target price on shares of SmileDirectClub in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $13.92.
Shares of NASDAQ:SDC traded up $0.33 during trading on Thursday, hitting $4.21. 10,572,343 shares of the company traded hands, compared to its average volume of 10,541,327. The stock has a market capitalization of $1.53 billion and a price-to-earnings ratio of -3.69. The business’s fifty day moving average is $7.80 and its 200-day moving average is $10.30. SmileDirectClub has a one year low of $3.64 and a one year high of $21.10. The company has a quick ratio of 2.77, a current ratio of 2.85 and a debt-to-equity ratio of 0.38.
In other SmileDirectClub news, Director Richard F. Wallman bought 8,000 shares of SmileDirectClub stock in a transaction dated Monday, March 16th. The stock was bought at an average price of $5.44 per share, for a total transaction of $43,520.00.
Several hedge funds and other institutional investors have recently bought and sold shares of SDC. Voya Investment Management LLC acquired a new position in shares of SmileDirectClub in the third quarter worth $19,985,000. Endurant Capital Management LP acquired a new position in shares of SmileDirectClub in the third quarter worth $1,851,000. Stifel Financial Corp acquired a new position in shares of SmileDirectClub in the third quarter worth $319,000. FNY Investment Advisers LLC increased its stake in shares of SmileDirectClub by 36.6% in the fourth quarter. FNY Investment Advisers LLC now owns 32,000 shares of the company’s stock worth $279,000 after acquiring an additional 8,576 shares during the last quarter. Finally, Exane Derivatives acquired a new position in shares of SmileDirectClub in the fourth quarter worth $151,000. 22.20% of the stock is currently owned by institutional investors and hedge funds.
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.
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