Digital Brands Group (NASDAQ:DBGI) CEO John Hilburn Iv Davis Purchases 70,127 Shares of Stock

Digital Brands Group, Inc. (NASDAQ:DBGI) CEO John Hilburn Iv Davis bought 70,127 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were acquired at an average cost of $0.70 per share, for a total transaction of $49,088.90. Following the completion of the acquisition, the chief executive officer directly owned 70,128 shares of the company’s stock, valued at $49,089.60. This trade represents a 7,012,700.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Digital Brands Group Stock Performance

Shares of NASDAQ:DBGI opened at $1.07 on Wednesday. The stock has a market capitalization of $22.90 million, a price-to-earnings ratio of -0.40 and a beta of 0.17. Digital Brands Group, Inc. has a 1-year low of $0.26 and a 1-year high of $18.00. The company’s fifty day moving average is $1.29 and its two-hundred day moving average is $5.39.

Analyst Ratings Changes

DBGI has been the subject of several recent research reports. Wall Street Zen lowered shares of Digital Brands Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Digital Brands Group in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Digital Brands Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in Digital Brands Group in the 1st quarter valued at about $432,000. Geode Capital Management LLC bought a new position in Digital Brands Group in the 4th quarter valued at about $890,000. Connective Capital Management LLC bought a new position in Digital Brands Group in the 4th quarter valued at about $876,000. Cantor Fitzgerald L. P. bought a new position in Digital Brands Group in the 3rd quarter valued at about $221,000. Finally, Dimensional Fund Advisors LP bought a new position in Digital Brands Group in the 1st quarter valued at about $29,000. Institutional investors own 1.56% of the company’s stock.

About Digital Brands Group

Digital Brands Group Inc (NASDAQ: DBGI) operates as a digital consumption platform focused on acquiring, operating and scaling digitally native consumer brands. The company seeks to partner with emerging and established brands across categories such as fashion, home & lifestyle, health & wellness, and consumer electronics. By leveraging a centralized operating model, Digital Brands Group aims to drive revenue growth, expand market reach and enhance customer engagement for its portfolio companies.

At the core of Digital Brands Group’s strategy is its expertise in e-commerce, digital marketing and data analytics.