Goldstone Financial Group LLC Purchases Shares of 42,389 Digital Brands Group, Inc. $DBGI

Goldstone Financial Group LLC acquired a new position in shares of Digital Brands Group, Inc. (NASDAQ:DBGI) in the third quarter, HoldingsChannel reports. The institutional investor acquired 42,389 shares of the company’s stock, valued at approximately $348,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Brands Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Digital Brands Group Price Performance

Shares of Digital Brands Group stock opened at $11.92 on Tuesday. 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 stock has a market capitalization of $97.62 million, a price-to-earnings ratio of -4.10 and a beta of 0.39. Digital Brands Group, Inc. has a twelve month low of $1.03 and a twelve month high of $17.13. The company has a 50-day simple moving average of $8.31 and a two-hundred day simple moving average of $9.17.

Digital Brands Group (NASDAQ:DBGI) last announced its earnings results on Friday, November 14th. The company reported ($1.18) EPS for the quarter. Digital Brands Group had a negative return on equity of 186.24% and a negative net margin of 164.57%.The business had revenue of $1.65 million for the quarter.

Digital Brands Group Company Profile

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.