DavidsTea Inc. (NASDAQ:DTEA) shares saw unusually-strong trading volume on Tuesday . Approximately 142,809 shares were traded during trading, an increase of 77% from the previous session’s volume of 80,487 shares.The stock last traded at $13.94 and had previously closed at $13.94.

Several research analysts have commented on DTEA shares. Lake Street Capital started coverage on DavidsTea in a report on Tuesday, July 12th. They set a “buy” rating and a $20.00 target price on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $13.00 target price on shares of DavidsTea in a report on Thursday, June 16th. Finally, Zacks Investment Research downgraded DavidsTea from a “hold” rating to a “sell” rating in a report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.40.

The firm’s market cap is $341.63 million. The stock’s 50-day moving average price is $13.18 and its 200 day moving average price is $11.52.

DavidsTea (NASDAQ:DTEA) last released its quarterly earnings results on Wednesday, June 8th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm earned $44.50 million during the quarter. The company’s revenue was up 24.3% on a year-over-year basis. On average, analysts predict that DavidsTea Inc. will post $0.40 earnings per share for the current fiscal year.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. I.G. Investment Management LTD. boosted its position in DavidsTea by 1.1% in the fourth quarter. I.G. Investment Management LTD. now owns 146,200 shares of the company’s stock worth $1,811,000 after buying an additional 1,600 shares in the last quarter. Janus Capital Management boosted its position in DavidsTea by 64.6% in the third quarter. Janus Capital Management now owns 299,949 shares of the company’s stock worth $4,697,000 after buying an additional 117,699 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in DavidsTea by 1.6% in the fourth quarter. Jennison Associates LLC now owns 880,679 shares of the company’s stock worth $10,912,000 after buying an additional 13,712 shares in the last quarter.

DavidsTea Inc is a beverage company, which offers various selection of loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts and accessories. The Company operates through two segments: Canada and the United States. The Company is engaged in the retail of tea and related tea-products.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.