Soho House & Co Inc. (NYSE:SHCO) Trading Down 3.4%
Soho House & Co Inc. (NYSE:SHCO) shares fell by 3.4% during Monday’s trading, closing at $0.68 with a volume drop of 95% from the average daily. Analyst ratings have varied, with Roth Mkm maintaining a "buy" with a target of $0.50, while Morgan Stanley and Citigroup have also issued targets of $0.50. The company reported a loss of $(0.17) EPS, missing analysts' estimates, and revenue of $1.15 million; a decrease from last year. Notably, 75% of the stock is owned by insiders, with several recent insider sales.
Soho House & Co Inc. (NYSE:SHCO - Get Free Report) dropped 3.4% during trading on Monday . The stock traded as low as $5.68 and last traded at $5.68. Approximately 10,540 shares were traded during trading, a decline of 95% from the average daily volume of 229,334 shares. The stock had previously closed at $5.88.
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Wall Street Analysts Forecast Growth
SHCO has been the subject of several recent analyst reports. Roth Mkm reissued a "buy" rating and set a $7.50 price objective on shares of Soho House & Co Inc. in a report on Monday, August 12th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $5.50 target price on shares of Soho House & Co Inc. in a research note on Tuesday, September 3rd. Finally, Citigroup cut their target price on Soho House & Co Inc. from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Monday, June 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.50.
Read Our Latest Stock Report on SHCO
Soho House & Co Inc. Price Performance
The stock has a market cap of $1.05 billion, a PE ratio of -7.74 and a beta of 0.78. The business has a 50 day moving average price of $5.58 and a two-hundred day moving average price of $5.53.
Soho House & Co Inc. (NYSE:SHCO - Get Free Report) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.06). The firm had revenue of $305.15 million during the quarter, compared to analysts' expectations of $302.73 million. During the same period in the previous year, the business posted ($0.01) earnings per share. On average, sell-side analysts forecast that Soho House & Co Inc. will post -0.38 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO Andrew Carnie sold 45,561 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $5.61, for a total transaction of $255,597.21. Following the completion of the sale, the chief executive officer now owns 1,013,413 shares of the company's stock, valued at $5,685,246.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Thomas Glassbrooke Allen sold 32,336 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $6.03, for a total transaction of $194,986.08. Following the completion of the transaction, the chief financial officer now owns 95,700 shares in the company, valued at $577,071. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Carnie sold 45,561 shares of the company's stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $5.61, for a total value of $255,597.21. Following the transaction, the chief executive officer now owns 1,013,413 shares of the company's stock, valued at approximately $5,685,246.93. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,344 shares of company stock valued at $1,002,900. 75.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Soho House & Co Inc.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Jump Financial LLC raised its holdings in Soho House & Co Inc. by 23.2% in the fourth quarter. Jump Financial LLC now owns 16,015 shares of the company's stock worth $114,000 after purchasing an additional 3,015 shares in the last quarter. Walleye Trading LLC bought a new position in Soho House & Co Inc. in the first quarter worth $79,000. Thematics Asset Management raised its holdings in Soho House & Co Inc. by 4.3% in the fourth quarter. Thematics Asset Management now owns 407,731 shares of the company's stock worth $2,903,000 after purchasing an additional 16,814 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Soho House & Co Inc. by 9.0% in the second quarter. Renaissance Technologies LLC now owns 114,702 shares of the company's stock worth $609,000 after purchasing an additional 9,502 shares in the last quarter. Finally, Symmetry Investments LP raised its holdings in Soho House & Co Inc. by 93.0% in the second quarter. Symmetry Investments LP now owns 19,300 shares of the company's stock worth $102,000 after purchasing an additional 9,300 shares in the last quarter. Institutional investors own 62.35% of the company's stock.
Soho House & Co Inc. Company Profile
(Get Free Report)Soho House & Co Inc operates a global membership platform of physical and digital spaces that connects a group of members. The company helps the members to use the platform to work, socialize, connect, create, and flourish all over the world. The company was formerly known as Membership Collective Group Inc and changed its name to Soho House & Co Inc in March 2023.
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