Craig Hallum Initiates Coverage on SmileDirectClub (NASDAQ:SDC)

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Craig Hallum started coverage on shares of SmileDirectClub (NASDAQ:SDC) in a report released on Monday, January 6th, Benzinga reports. The firm issued a buy rating and a $20.00 target price on the stock.

A number of other analysts also recently weighed in on the stock. Stifel Nicolaus initiated coverage on shares of SmileDirectClub in a report on Monday, October 7th. They issued a buy rating and a $19.00 target price on the stock. Bank of America initiated coverage on shares of SmileDirectClub in a report on Monday, October 7th. They issued a buy rating and a $19.00 target price on the stock. Guggenheim initiated coverage on shares of SmileDirectClub in a report on Monday, October 7th. They issued a buy rating and a $24.00 target price on the stock. Citigroup initiated coverage on shares of SmileDirectClub in a report on Monday, October 7th. They issued a buy rating and a $19.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on shares of SmileDirectClub in a report on Monday, October 7th. They issued a buy rating and a $22.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. SmileDirectClub currently has an average rating of Buy and a consensus price target of $18.83.

Shares of SDC stock traded down $0.73 on Monday, hitting $12.99. 22,092,436 shares of the stock traded hands, compared to its average volume of 10,316,498. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.54 and a quick ratio of 3.47. The business has a 50 day moving average price of $8.90. SmileDirectClub has a 52 week low of $7.56 and a 52 week high of $21.10.

SmileDirectClub (NASDAQ:SDC) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.89) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.10. The company had revenue of $180.20 million during the quarter, compared to the consensus estimate of $165.30 million. The company’s quarterly revenue was up 50.5% on a year-over-year basis. Equities research analysts expect that SmileDirectClub will post -1.24 earnings per share for the current fiscal year.

In other news, Director Richard F. Wallman acquired 12,000 shares of SmileDirectClub stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average price of $9.60 per share, for a total transaction of $115,200.00. Following the purchase, the director now directly owns 26,000 shares in the company, valued at approximately $249,600. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of institutional investors have recently modified their holdings of the business. Signaturefd LLC purchased a new stake in shares of SmileDirectClub in the 3rd quarter valued at $65,000. FNY Investment Advisers LLC boosted its holdings in SmileDirectClub by 36.6% during the fourth quarter. FNY Investment Advisers LLC now owns 32,000 shares of the company’s stock worth $279,000 after buying an additional 8,576 shares in the last quarter. Douglas Lane & Associates LLC purchased a new stake in SmileDirectClub during the third quarter worth $166,000. Integrated Investment Consultants LLC purchased a new stake in SmileDirectClub during the third quarter worth $261,000. Finally, KCL Capital L.P. purchased a new stake in SmileDirectClub during the third quarter worth $278,000. Institutional investors and hedge funds own 22.14% 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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Analyst Recommendations for SmileDirectClub (NASDAQ:SDC)

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