Analysts Set SmileDirectClub, Inc. (NASDAQ:SDC) Target Price at $2.45

Shares of SmileDirectClub, Inc. (NASDAQ:SDCGet Rating) have earned an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $2.45.

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their price objective on SmileDirectClub from $2.00 to $1.15 and set an “equal weight” rating for the company in a report on Tuesday, August 9th. Stifel Nicolaus decreased their price objective on SmileDirectClub from $2.00 to $1.00 in a report on Friday, June 17th. Finally, Stephens decreased their price objective on SmileDirectClub from $3.00 to $2.00 and set an “equal weight” rating for the company in a report on Wednesday, August 10th.

SmileDirectClub Stock Down 1.0 %

Shares of SmileDirectClub stock opened at $1.02 on Friday. SmileDirectClub has a 1 year low of $0.98 and a 1 year high of $7.09. The stock has a fifty day moving average price of $1.27 and a 200-day moving average price of $1.58.

SmileDirectClub (NASDAQ:SDCGet Rating) last announced its earnings results on Monday, August 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The firm had revenue of $125.80 million during the quarter, compared to analysts’ expectations of $141.86 million. During the same period in the previous year, the company posted ($0.14) earnings per share. SmileDirectClub’s revenue was down 27.8% on a year-over-year basis. As a group, equities research analysts expect that SmileDirectClub will post -0.75 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sciencast Management LP bought a new stake in shares of SmileDirectClub during the 1st quarter valued at about $58,000. Clarkston Capital Partners LLC raised its holdings in shares of SmileDirectClub by 3.3% during the 4th quarter. Clarkston Capital Partners LLC now owns 342,016 shares of the company’s stock valued at $804,000 after buying an additional 10,819 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of SmileDirectClub by 37.7% during the 4th quarter. Stephens Inc. AR now owns 483,801 shares of the company’s stock valued at $1,137,000 after buying an additional 132,337 shares in the last quarter. S.A. Mason LLC purchased a new position in shares of SmileDirectClub during the 1st quarter valued at about $39,000. Finally, Northern Trust Corp raised its holdings in shares of SmileDirectClub by 14.8% during the 4th quarter. Northern Trust Corp now owns 323,263 shares of the company’s stock valued at $760,000 after buying an additional 41,696 shares in the last quarter. Institutional investors own 9.00% of the company’s stock.

About SmileDirectClub

(Get Rating)

SmileDirectClub, Inc, an oral care company, offers clear aligner therapy treatment. 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 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.

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Analyst Recommendations for SmileDirectClub (NASDAQ:SDC)

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