A number of other brokerages have also recently weighed in on SDC. UBS Group cut shares of SmileDirectClub from a buy rating to a neutral rating and dropped their price target for the company from $18.00 to $9.00 in a research report on Monday, March 2nd. William Blair restated a buy rating on shares of SmileDirectClub in a report on Wednesday, February 26th. Loop Capital restated a buy rating and issued a $15.00 price objective on shares of SmileDirectClub in a report on Wednesday, February 26th. Jefferies Financial Group cut shares of SmileDirectClub from a buy rating to a hold rating and dropped their price objective for the company from $22.00 to $10.00 in a report on Wednesday, February 26th. Finally, Craig Hallum began coverage on shares of SmileDirectClub in a report on Monday, January 6th. They issued a buy rating and a $20.00 price objective for the company. Two 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’s stock. SmileDirectClub presently has an average rating of Buy and a consensus target price of $13.92.
Shares of SDC traded up $0.33 during trading on Thursday, reaching $4.21. 10,572,343 shares of the company traded hands, compared to its average volume of 10,541,327. SmileDirectClub has a twelve month low of $3.64 and a twelve month high of $21.10. The stock has a market cap of $1.53 billion and a PE ratio of -3.69. The stock has a 50-day simple moving average of $7.80 and a 200-day simple moving average of $10.30. 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 news, Director Richard F. Wallman purchased 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of $5.44 per share, for a total transaction of $43,520.00.
A number of institutional investors have recently modified their holdings of SDC. FMR LLC lifted its stake in SmileDirectClub by 251.5% in the fourth quarter. FMR LLC now owns 7,940,700 shares of the company’s stock worth $69,401,000 after acquiring an additional 5,681,300 shares during the last quarter. Norges Bank purchased a new stake in shares of SmileDirectClub during the 4th quarter worth approximately $17,480,000. UBS Asset Management Americas Inc. lifted its position in shares of SmileDirectClub by 499.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 2,029,072 shares of the company’s stock worth $17,734,000 after buying an additional 1,690,362 shares during the last quarter. Voya Investment Management LLC purchased a new stake in shares of SmileDirectClub during the 3rd quarter worth approximately $19,985,000. Finally, Marshall Wace LLP lifted its position in shares of SmileDirectClub by 78.2% during the 4th quarter. Marshall Wace LLP now owns 2,220,452 shares of the company’s stock worth $19,407,000 after buying an additional 974,662 shares during the last quarter. Institutional investors own 22.20% of the company’s stock.
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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