Stifel reiterated coverage on SmileDirectClub with a new price target
$SDC
Medical/Dental Instruments
Health Care
Stifel reiterated coverage of SmileDirectClub with a rating of Hold and set a new price target of $5.00 from $6.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/30/2022 | $2.00 | Hold → Sell | Loop Capital |
| 3/2/2022 | $2.29 → $2.20 | Equal-Weight | Morgan Stanley |
| 3/2/2022 | $5.00 → $3.00 | Equal-Weight | Stephens & Co. |
| 1/31/2022 | $2.29 | Equal-Weight | Morgan Stanley |
| 1/25/2022 | Sell → Hold | Craig Hallum | |
| 1/7/2022 | $11.00 → $4.00 | Outperform | Credit Suisse |
| 11/9/2021 | $6.00 → $5.00 | Hold | Stifel |
| 11/9/2021 | $4.00 → $2.00 | Sell | Goldman |
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
4 - SmileDirectClub, Inc. (0001775625) (Issuer)
NASHVILLE, Tenn., Sept. 29, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care Company with the first medtech platform for teeth straightening, today announced a process to implement a comprehensive recapitalization transaction. The additional capital and stronger financial position from this recapitalization is intended to bolster the Company's balance sheet and fuel growth initiatives to allow SmileDirectClub to thrive as an international oral care leader for many years to come. SmileDirectClub will seek to recapitalize through a transaction where the Company's founders have committed to invest at least $20 million to bolster the Company's balance
NASHVILLE, Tenn., Aug. 24, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub (NASDAQ:SDC), the oral care leader and creator of the first med tech platform for teeth straightening, announced its intention to appeal a decision regarding an award of $63 million to be paid to Align Technology following a dispute over the Company's exclusive supply agreement with its former strategic partner. "SmileDirectClub is disappointed with the California trial court's recent rulings denying our Petition to Vacate and granting the Petition to Confirm the Final Award in an arbitration Align brought against SmileDirectClub for alleged breaches of a Supply Agreement between the parties that expired in 2019," said Su
NASHVILLE, Tenn., Aug. 08, 2023 (GLOBE NEWSWIRE) -- SmileDirectClub, Inc. (NASDAQ:SDC), the next generation oral care company with the first medtech platform for teeth straightening, today announced its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights Total revenue of $102 million, a 15.0% decrease over the first quarter of 2023 and a decrease of 19.1% over the prior year period. The sequential seasonal decline improved compared to last year despite the first quarter of 2023 overperforming expectations.Net loss improvement of $12 million over the prior year period at $(54) million in the second quarter of 2023.Adjusted EBITDA improvem