Digital Brands Group (NASDAQ:DBGI) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Digital Brands Group (NASDAQ:DBGI) from a hold rating to a sell rating in a research report report published on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Brands Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Digital Brands Group Stock Performance

NASDAQ:DBGI opened at $5.21 on Friday. Digital Brands Group has a 52 week low of $1.77 and a 52 week high of $18.00. The company has a fifty day simple moving average of $9.98 and a two-hundred day simple moving average of $8.92. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 0.01. The company has a market cap of $42.66 million, a price-to-earnings ratio of -1.79 and a beta of 0.29.

Hedge Funds Weigh In On Digital Brands Group

Several large investors have recently bought and sold shares of DBGI. Goldstone Financial Group LLC purchased a new position in shares of Digital Brands Group in the 3rd quarter valued at about $348,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Digital Brands Group during the 3rd quarter worth approximately $221,000. Connective Capital Management LLC purchased a new stake in Digital Brands Group in the fourth quarter valued at $876,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Digital Brands Group in the 4th quarter valued at about $890,000. Hedge funds and other 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.