SmileDirectClub (NASDAQ:SDC)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $9.34 and last traded at $9.55, with a volume of 31395 shares trading hands. The stock had previously closed at $9.70.

Several equities analysts have weighed in on the stock. Credit Suisse Group assumed coverage on shares of SmileDirectClub in a report on Monday, October 7th. They issued an “outperform” rating and a $18.00 target price on the stock. Stifel Nicolaus assumed 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. Citigroup assumed 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. Loop Capital assumed coverage on shares of SmileDirectClub in a report on Monday, October 7th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Jefferies Financial Group assumed 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. Ten analysts have rated the stock with a buy rating, SmileDirectClub currently has an average rating of “Buy” and an average target price of $21.78.

In other news, major shareholder Cd&R Investment Associates X, sold 2,275,857 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $21.85, for a total value of $49,727,475.45. Also, CEO David B. Katzman purchased 37,000 shares of SmileDirectClub stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of $18.50 per share, for a total transaction of $684,500.00. Insiders acquired a total of 43,800 shares of company stock worth $808,019 over the last quarter.

A hedge fund recently bought a new stake in SmileDirectClub stock. Signaturefd LLC purchased a new stake in SmileDirectClub (NASDAQ:SDC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,700 shares of the company’s stock, valued at approximately $65,000.

About SmileDirectClub (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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