SmileDirectClub (NASDAQ:SDC) Shares Gap Down to $9.30

SmileDirectClub (NASDAQ:SDC) gapped down before the market opened on Wednesday . The stock had previously closed at $9.14, but opened at $9.30. SmileDirectClub shares last traded at $9.01, with a volume of 96,021 shares traded.

A number of research analysts have recently commented on SDC shares. Jefferies Financial Group began coverage on shares of SmileDirectClub in a research report on Monday, October 7th. They issued a “buy” rating and a $22.00 price objective for the company. Loop Capital increased their price target on SmileDirectClub from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus initiated coverage on SmileDirectClub in a report on Monday, October 7th. They set a “buy” rating and a $19.00 price target for the company. William Blair started coverage on shares of SmileDirectClub in a research report on Monday, October 7th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. started coverage on shares of SmileDirectClub in a report on Monday, October 7th. They issued an “overweight” rating and a $31.00 price objective on the stock. Ten investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $21.00.

The company has a current ratio of 3.54, a quick ratio of 3.47 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $10.31.

SmileDirectClub (NASDAQ:SDC) last announced its earnings results on Tuesday, November 12th. The company reported ($0.89) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.99) by $0.10. The business had revenue of $180.20 million for the quarter, compared to analyst estimates of $165.30 million. The business’s revenue was up 50.5% on a year-over-year basis. Equities research analysts expect that SmileDirectClub will post -1.22 earnings per share for the current year.

In related news, Director Richard F. Wallman purchased 12,000 shares of SmileDirectClub stock in a transaction dated Tuesday, November 26th. The stock was bought at an average cost of $9.60 per share, for a total transaction of $115,200.00. Following the completion of the transaction, the director now owns 26,000 shares in the company, valued at $249,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Cd&R Investment Associates X, sold 2,275,857 shares of SmileDirectClub stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $21.85, for a total value of $49,727,475.45. Insiders have purchased 55,800 shares of company stock worth $923,219 in the last three months.

Several hedge funds have recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC bought a new stake in SmileDirectClub during the third quarter valued at approximately $166,000. Signaturefd LLC bought a new position in shares of SmileDirectClub in the 3rd quarter worth $65,000. Integrated Investment Consultants LLC bought a new position in shares of SmileDirectClub in the 3rd quarter worth $261,000. Segantii Capital Management Ltd purchased a new stake in shares of SmileDirectClub during the 3rd quarter valued at $1,041,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of SmileDirectClub during the 3rd quarter worth $325,000. Institutional investors own 21.62% of the company’s stock.

SmileDirectClub Company Profile (NASDAQ:SDC)

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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