SmileDirectClub (NASDAQ:SDC) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.
Several other research firms have also weighed in on SDC. Stifel Nicolaus reiterated a “buy” rating and issued a $11.00 target price (up from $9.00) on shares of SmileDirectClub in a report on Sunday, July 12th. UBS Group decreased their price objective on SmileDirectClub from $9.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, May 20th. William Blair reiterated a “buy” rating on shares of SmileDirectClub in a research report on Monday, June 22nd. Wolfe Research upgraded SmileDirectClub from an “underperform” rating to a “peer perform” rating and set a $10.00 target price on the stock in a research report on Wednesday, September 9th. Finally, Stephens began coverage on SmileDirectClub in a research note on Wednesday, June 24th. They issued an “overweight” rating and a $11.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $11.00.
Shares of SmileDirectClub stock opened at $11.75 on Thursday. The business’s 50 day moving average price is $8.83 and its 200 day moving average price is $7.37. The company has a market cap of $4.53 billion and a price-to-earnings ratio of -7.04. The company has a debt-to-equity ratio of 1.31, a quick ratio of 3.19 and a current ratio of 3.33. SmileDirectClub has a one year low of $3.64 and a one year high of $19.70.
SmileDirectClub (NASDAQ:SDC) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.12). The company had revenue of $107.07 million for the quarter, compared to analysts’ expectations of $81.78 million. SmileDirectClub had a negative return on equity of 37.67% and a negative net margin of 25.06%. On average, analysts predict that SmileDirectClub will post -0.69 EPS for the current fiscal year.
In other SmileDirectClub news, Director Richard F. Wallman bought 15,000 shares of SmileDirectClub stock in a transaction on Wednesday, September 2nd. The shares were bought at an average cost of $8.51 per share, for a total transaction of $127,650.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kyle Wailes purchased 20,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was acquired at an average cost of $7.69 per share, with a total value of $153,800.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 2,029,260 shares of company stock valued at $16,347,556 over the last 90 days. 66.04% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Modus Advisors LLC purchased a new stake in shares of SmileDirectClub during the second quarter worth approximately $36,000. Great West Life Assurance Co. Can acquired a new position in SmileDirectClub during the 2nd quarter worth approximately $37,000. Valeo Financial Advisors LLC increased its position in shares of SmileDirectClub by 114.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 6,217 shares of the company’s stock valued at $49,000 after purchasing an additional 3,317 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of SmileDirectClub in the 2nd quarter valued at $61,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of SmileDirectClub by 342.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 7,750 shares of the company’s stock worth $61,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 17.73% 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.
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