Solo Brands (DTC) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Solo Brands in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DTC shares.
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5 brokerages have issued 12 month price objectives for Solo Brands' shares. Their DTC share price forecasts range from $7.00 to $11.00. On average, they expect the company's share price to reach $9.00 in the next year. This suggests a possible upside of 108.3% from the stock's current price.
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Solo Brands' stock was trading at $3.72 at the start of the year. Since then, DTC stock has increased by 16.1% and is now trading at $4.32.
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Solo Brands saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,440,000 shares, an increase of 75.5% from the April 30th total of 1,390,000 shares. Based on an average daily trading volume, of 687,500 shares, the short-interest ratio is presently 3.5 days. Approximately 7.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our DTC earnings forecast.

Solo Brands, Inc. (NYSE:DTC) issued its quarterly earnings data on Thursday, May, 4th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.04. The business had revenue of $88.21 million for the quarter, compared to analyst estimates of $81.46 million. Solo Brands had a positive trailing twelve-month return on equity of 11.30% and a negative net margin of 0.38%. During the same period last year, the business earned $0.19 EPS.

Solo Brands updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $520.00 million-$540.00 million, compared to the consensus revenue estimate of $539.44 million.

(DTC) raised $200 million in an IPO on Thursday, October 28th 2021. The company issued 12,903,225 shares at a price of $14.00-$17.00 per share.

Solo Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "DTC."

Solo Brands' stock is owned by many different retail and institutional investors. Top institutional investors include American Century Companies Inc. (2.26%), BlackRock Inc. (1.32%), Wasatch Advisors LP (1.04%), Geode Capital Management LLC (0.43%), State Street Corp (0.32%) and Blair William & Co. IL (0.29%). Insiders that own company stock include David Powers, John Merris, Nb Alternatives Advisers Llc and Somer Webb.
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Shares of DTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DTC stock can currently be purchased for approximately $4.32.

Solo Brands (NYSE:DTC) has a market capitalization of $415.80 million and generates $517.63 million in revenue each year. The company earns $-4,950,000.00 in net income (profit) each year or ($0.03) on an earnings per share basis.

The company employs 300 workers across the globe.

The official website for the company is www.solostove.com. The company can be reached via phone at 817-900-2664 or via email at investors@solobrands.com.