Shares of SmileDirectClub, Inc. (NASDAQ:SDC – Get 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.
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.
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.
- Get a free copy of the StockNews.com research report on SmileDirectClub (SDC)
- The Institutions Hold On To Darden Restaurants International
- What Steelcase’s Earnings Say About the Return to the Office?
- Is The Golden Age Of Homebuilding Already Over?
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Receive News & Ratings for SmileDirectClub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SmileDirectClub and related companies with MarketBeat.com's FREE daily email newsletter.