SmileDirectClub (NASDAQ:SDC) shares were up 11.4% during trading on Tuesday . The company traded as high as $9.03 and last traded at $8.96, approximately 10,105,500 shares traded hands during trading. An increase of 47% from the average daily volume of 6,875,129 shares. The stock had previously closed at $8.04.

A number of analysts have commented on SDC shares. Guggenheim started coverage on shares of SmileDirectClub in a report on Monday, October 7th. They set a “buy” rating and a $24.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of SmileDirectClub in a report on Monday, October 7th. They set an “overweight” rating and a $31.00 target price for the company. Jefferies Financial Group started coverage on shares of SmileDirectClub in a report on Monday, October 7th. They set a “buy” rating and a $22.00 target price for the company. Stifel Nicolaus started coverage on shares of SmileDirectClub in a report on Monday, October 7th. They set a “buy” rating and a $19.00 target price for the company. Finally, Loop Capital lifted their target price on shares of SmileDirectClub from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Ten investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $21.00.

The company’s fifty day simple moving average is $11.03.

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 the consensus estimate of ($0.99) by $0.10. The firm had revenue of $180.20 million during the quarter, compared to analyst estimates of $165.30 million. SmileDirectClub’s revenue for the quarter was up 50.5% on a year-over-year basis. As a group, research analysts anticipate that SmileDirectClub will post -1.22 EPS for the current year.

In other news, insider Kay Oswald purchased 2,700 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $17.64 per share, with a total value of $47,628.00. Also, major shareholder Cd&R Investment Associates X, sold 2,275,857 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $21.85, for a total transaction of $49,727,475.45. Insiders bought a total of 43,800 shares of company stock valued at $808,019 in the last three months.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC bought a new stake in SmileDirectClub in the 3rd quarter valued at $65,000. Douglas Lane & Associates LLC bought a new stake in SmileDirectClub in the 3rd quarter valued at $166,000. Integrated Investment Consultants LLC bought a new stake in SmileDirectClub in the 3rd quarter valued at $261,000. FNY Investment Advisers LLC bought a new stake in SmileDirectClub in the 3rd quarter valued at $325,000. Finally, BB&T Securities LLC bought a new stake in SmileDirectClub in the 3rd quarter valued at $333,000. 9.99% of the stock is currently owned by institutional investors and hedge funds.

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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