SmileDirectClub, Inc. (NASDAQ:SDC) Receives Average Recommendation of “Hold” from Analysts

SmileDirectClub, Inc. (NASDAQ:SDC – Get Rating) has earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $4.18.

Several research firms have weighed in on SDC. Loop Capital downgraded SmileDirectClub from a “hold” rating to a “sell” rating and set a $2.00 target price for the company. in a research report on Wednesday, March 30th. Morgan Stanley dropped their target price on SmileDirectClub from $2.20 to $2.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 15th. Finally, Stifel Nicolaus dropped their target price on SmileDirectClub from $2.00 to $1.00 in a research report on Friday, June 17th.

A number of hedge funds have recently bought and sold shares of the stock. Gabelli Funds LLC lifted its stake in SmileDirectClub by 3.9% during the first quarter. Gabelli Funds LLC now owns 267,259 shares of the company’s stock worth $692,000 after purchasing an additional 10,000 shares during the last quarter. Prentice Capital Management LP purchased a new stake in SmileDirectClub during the first quarter worth approximately $17,935,000. Cresset Asset Management LLC purchased a new stake in SmileDirectClub during the first quarter worth approximately $31,000. XTX Topco Ltd purchased a new stake in SmileDirectClub in the first quarter valued at approximately $42,000. Finally, Covestor Ltd purchased a new stake in SmileDirectClub in the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 11.84% of the company’s stock.

Shares of NASDAQ:SDC opened at $1.08 on Friday. The company has a market capitalization of $420.49 million, a price-to-earnings ratio of -1.33 and a beta of 2.24. The business has a 50-day moving average price of $1.39 and a 200 day moving average price of $2.02. SmileDirectClub has a 12-month low of $0.98 and a 12-month high of $8.56.

SmileDirectClub (NASDAQ:SDC – Get Rating) last released its earnings results on Monday, May 9th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The firm had revenue of $151.65 million during the quarter, compared to analyst estimates of $134.20 million. SmileDirectClub had a negative net margin of 16.30% and a negative return on equity of 45.13%. The business’s revenue was down 24.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) earnings per share. On average, sell-side analysts expect that SmileDirectClub will post -0.54 EPS for the current year.

About SmileDirectClub (Get Rating)

SmileDirectClub, Inc., an oral care company, offers clear aligner therapy treatment. The company manages the end-to-end process, which includes 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

Analyst Recommendations for SmileDirectClub (NASDAQ:SDC)

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