Solo Brands (NYSE:SBDS) Upgraded by Wall Street Zen to “Sell” Rating

Wall Street Zen upgraded shares of Solo Brands (NYSE:SBDS) to a sell rating in a report issued on Friday morning.

Solo Brands Stock Up 11.8%

NYSE SBDS opened at $6.37 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 3.20 and a quick ratio of 1.08. Solo Brands has a twelve month low of $0.77 and a twelve month high of $40.00.

Hedge Funds Weigh In On Solo Brands

An institutional investor recently bought a new position in Solo Brands stock. Summit Partners L P bought a new stake in shares of Solo Brands, Inc. (NYSE:SBDS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,100,870 shares of the company’s stock, valued at approximately $6,660,000. Solo Brands makes up approximately 0.6% of Summit Partners L P’s portfolio, making the stock its 7th largest position. Summit Partners L P owned 44.48% of Solo Brands at the end of the most recent quarter. Institutional investors and hedge funds own 84.48% of the company’s stock.

Solo Brands Company Profile

Solo Brands, Inc (NYSE: SBDS) is a consumer products company focused on outdoor lifestyle and recreation. The company is best known for the Solo Stove brand of outdoor fire pits and portable wood-burning stoves that emphasize compact design and reduced smoke emissions. Its product lineup includes backyard fire pits, portable backpacking stoves, grills, cooking accessories and related outdoor gear designed for both casual backyard use and mobile outdoor activities.

Solo Brands markets and sells its products through a mix of direct-to-consumer e-commerce channels and third-party retail partners, supporting its branded stores and online presence with product content and community-oriented marketing.