Summit Partners L P Purchases Shares of 1,100,870 Solo Brands, Inc. $SBDS

Summit Partners L P purchased a new stake in Solo Brands, Inc. (NYSE:SBDS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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 investment portfolio, making the stock its 7th largest holding. Summit Partners L P owned about 44.48% of Solo Brands as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SBDS shares. Wall Street Zen upgraded Solo Brands to a “sell” rating in a report on Friday, February 6th. Weiss Ratings started coverage on Solo Brands in a report on Wednesday, February 4th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Solo Brands Stock Performance

SBDS opened at $4.50 on Friday. Solo Brands, Inc. has a one year low of $2.32 and a one year high of $33.43. The stock has a market cap of $11.53 million, a P/E ratio of -0.07 and a beta of 4.81. The company has a current ratio of 2.96, a quick ratio of 1.24 and a debt-to-equity ratio of 4.67. The firm has a 50-day simple moving average of $4.89.

Solo Brands (NYSE:SBDS) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.73 EPS for the quarter. The business had revenue of $94.03 million for the quarter. Solo Brands had a negative return on equity of 8.67% and a negative net margin of 32.01%.

About Solo Brands

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.