John Hilburn Iv Davis Purchases 618,333 Shares of Digital Brands Group (NASDAQ:DBGI) Stock

Digital Brands Group, Inc. (NASDAQ:DBGI) CEO John Hilburn Iv Davis acquired 618,333 shares of the stock in a transaction on Wednesday, June 10th. The shares were purchased at an average price of $1.13 per share, with a total value of $698,716.29. Following the completion of the transaction, the chief executive officer owned 688,461 shares of the company’s stock, valued at approximately $777,960.93. This represents a 881.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

John Hilburn Iv Davis also recently made the following trade(s):

• On Tuesday, June 2nd, John Hilburn Iv Davis acquired 70,127 shares of Digital Brands Group stock. The shares were purchased at an average price of $0.70 per share, with a total value of $49,088.90.

Digital Brands Group Stock Performance

Shares of NASDAQ:DBGI opened at $0.94 on Friday. The company has a fifty day moving average of $1.25 and a 200-day moving average of $5.27. The company has a market capitalization of $20.22 million, a PE ratio of -0.35 and a beta of 0.17. Digital Brands Group, Inc. has a 52-week low of $0.26 and a 52-week high of $18.00.

Institutional Trading of Digital Brands Group

Several institutional investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in shares of Digital Brands Group in the first quarter worth $432,000. Geode Capital Management LLC bought a new stake in shares of Digital Brands Group in the fourth quarter worth $890,000. Connective Capital Management LLC bought a new stake in shares of Digital Brands Group in the fourth quarter worth $876,000. Cantor Fitzgerald L. P. bought a new stake in shares of Digital Brands Group in the third quarter worth $221,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Digital Brands Group in the first quarter worth $29,000. Institutional investors own 1.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DBGI shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Digital Brands Group in a report on Monday, April 20th. Wall Street Zen downgraded shares of Digital Brands Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.