13.25 +0.42 (3.27%)
Pre-Market: 8:59AM EST
|Bid||13.21 x 3100|
|Ask||12.87 x 1300|
|Day's Range||12.27 - 14.82|
|52 Week Range||7.56 - 21.10|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||18.64|
SmileDirectClub Inc., the company whose “teledentristy” model aims to disrupt the orthodontics industry, hit back Friday at an NBC report that alleged the company has hurt some of its customers, causing broken teeth and nerve damage.
SmileDirectClub Inc. , the company whose "teledentristy" model aims to disrupt the orthodontics industry, hit back Friday at an NBC report that alleges the company has harmed clients. In a statement, the Nashville, Tenn.-based company said the report that ran on NBC Nightly News with Lester Holt Thursday and online failed to provide viewers with a balanced and fair story. SmileDirect has struggled since its IPO after a series of setbacks that include a scathing report from a short seller, regulatory action in California, Alabama and Georgia and opposition from medical organizations, including the American Dental Association and the American Association of Orthodontists to its business practices. The company aid it was surprised that the NBC report failed to include an interview or statement from "the more than 750,000 satisfied customers" who have used its products. The five-minute segment included accounts from several people whose teeth were damaged by the company's aligners, which are created using either a 3-D image of their teeth taken at a Smile Club, or from an online kit that is mailed to the company. The report included some of the issues raised in the short seller report, including that more than 1,800 complaints have been filed with the Better Business Bureau. SmileDirect's stock is now about 66% below its IPO issue price. The company has repeatedly hit back at "organized dentistry" accusing it of trying to block its effort to provide low-cost teeth-straightening to consumers. Shares were down 5% premarket but have gained 31% in the month to date, while the S&P 500 has gained 3%.
SmileDirectClub, the industry pioneer and first direct-to-consumer oral care med tech platform, issues the following statement in response to an NBC Nightly News story on the company, which aired yesterday. The piece misrepresents SmileDirectClub and the quality of care provided by the over 250 state-licensed dentists and orthodontists across the country who use our platform to treat their patients. Notably, the almost five-minute report and online story does not include one interview or statement from the more than 750,000 satisfied customers who have used our products to improve their lives, nor does it include a single interview with any of the hundreds of dentists who have publicly supported our technology.
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
SmileDirectClub, Inc. Shares Rallied on Multiple Positive Catalysts in Recent Weeks SDC Launched Consumer Products Channel via Walmart, Inc. SDC Announced Sales Directly Through Dentists and Orthodontists Attacks from Dentist Organizations and Attorneys Caused Temporary Confusion IPO Edge Argued SDC Was Undervalued at $10 per Share in October 2019, now at $14.50 Sentieo Data Suggest […]
(Bloomberg) -- Bed-in-a-box seller Casper Sleep Inc. raised $100 million in an initial public offering, pricing its shares at the bottom of a reduced range.Casper, which boasted a valuation of $1.1 billion in a private funding round last year, is valued in Wednesday’s IPO at less than half of that.The online retailer sold 8.35 million shares Wednesday for $12 each, according to a statement. The listing gives the company a value of $476 million based on the outstanding shares listed in its filings. Earlier in the day, it cut its price target to $12 to $13 a share, down from $17 to $19.The IPO shows investors have grown skeptical of money-losing unicorns -- startups whose private valuations reached $1 billion or more. The listing follows landmark but largely disappointing performances last year by consumer-oriented companies including Uber Technologies Inc. and its smaller rival Lyft Inc., as well as SmileDirectClub Inc. and Peloton Interactive Inc.Casper priced its shares on the same day as PPD Inc., a biotechnology and drug research services firm that raised $1.62 billion, pricing its shares at the top of its target for the offering. In the past year, such business-to-business firms, especially software makers, have tended to fare better in their IPOs and afterward than consumer-focused companies.Marketing, CompetitorsNew York-based Casper, founded in 2014, became one of the leading brands thanks to its pioneering status in the niche and savvy marketing. Since then, a slew of competitors have emerged in the U.S. and abroad. From 2016 to September 2019, Casper spent $422.8 million on marketing, according to an earlier filing.Casper had 60 stores in the U.S. and Canada as of Sept. 30. Its sales increased to $312 million for the nine months ended Sept. 30, a 20% gain from the same period in 2018. Its net loss widened to $67 million from $64 million during the same period in 2018.The company’s backers include Target Corp. and Dani Reiss, the chief executive officer of Canada Goose Holdings Inc.The offering was led by Morgan Stanley, Goldman Sachs Group Inc. and Jefferies Financial Group Inc. The company’s shares are expected to begin trading Thursday on the New York Stock Exchange under the symbol CSPR.(Updates with statement in third paragraph)To contact the reporter on this story: Liana Baker in New York at email@example.comTo contact the editors responsible for this story: Elizabeth Fournier at firstname.lastname@example.org, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
NASHVILLE, Tenn., Feb. 04, 2020 -- SmileDirectClub, Inc. (NASDAQ: SDC) (“SmileDirectClub”), the oral care company that created the first direct-to-consumer medtech platform for.
(Bloomberg) -- Investors betting against SmileDirectClub Inc. should tread lightly over the coming weeks as the maker of teeth-straightening products is a “prime candidate for a short squeeze,” according to analysis from S3 Partners.As bears continue to pile in despite shares staging a comeback to start the year, losses so far have “more than wiped out 2019 gains and put short sellers solidly in the red,” the report from Ihor Dusaniwsky said. The combination of a rocky start for shorts paired with rising borrow rates indicates short covering could pick up steam ahead of earnings due next month, he continued.The company has climbed 50% so far in 2020 as its market value again topped $5 billion on Wednesday, though still down from a September peak of $7.5 billion. Short interest has continued to hit record high after record high, with roughly half of shares available for trading currently sold short, according to data compiled by financial analytics firm S3 Partners.With earnings not expected until the end of next month, quarterly results from competitor Align Technology Inc. will serve as the next catalyst for shares of SmileDirectClub. Align Technology, the maker of the Invisalign teeth-straightener, is set to unveil fourth-quarter results after the U.S. market close.To contact the reporter on this story: Bailey Lipschultz in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Signet Jewelers, Urban Outfitters, Smile Direct and Align Technology highlighted as Zacks Bull and Bear of the Day
Shares of Align, which manufactured clear aligners for SmileDirectClub, were down 3.9% at $286.47. SmileDirectClub, which sold its aligners online after virtual consultations using 3D imaging technology, said it was no longer obligated to stick to the direct-to-consumer channel as agreed with Align, which also makes clear aligners called Invisalign.
SmileDirectClub, the industry pioneer and first direct-to-consumer medtech platform for teeth straightening, today announced plans to offer its clear aligners through the wholesale channel, providing dentists and orthodontists an in-office option in 2020. With the December 31, 2019 expiration of its exclusive supply agreement with Align Technology, Inc., SmileDirectClub will expand access to its clear aligner therapy solutions and open its network to dentists and orthodontists in search of a premium and affordable teeth straightening solution for their patients. “We have seen increasing demand from the dentists and orthodontists in our network who wish to provide SmileDirectClub clear aligners to their in-office patients, and with our agreement with Align Technology now expired, we are no longer obligated to stay in the direct-to-consumer channel,” said SmileDirectClub Co-Founder Alex Fenkell.
“We are pleased that the Superior Court of New Jersey granted our motion for summary judgment against the New Jersey Dental Association’s sham complaint against SmileDirectClub and concluded that its allegations about our business and the independence of the doctors who use our network are false,” said Susan Greenspon Rammelt, SmileDirectClub Chief Legal Officer, EVP of Business Affairs and Corporate Secretary. The New Jersey Dental Association’s January 2019 complaint alleged that SmileDirectClub illegally practiced dentistry in New Jersey through its control over the dentists that choose to utilize SmileDirectClub’s marketing and administrative support services and its teledentistry platform and that its marketing practices were in violation of New Jersey law.
It’s a new year, and Wall Street’s market watchers are putting together their lists of stocks to buy and stocks to avoid. Expect to see headlines about Conviction Lists and Top Picks, and pay attention – you are likely to find some good ideas there.Loop Capital, named for Chicago’s famous downtown neighborhood and financial center, got its start in 1997, and has since grown into a global investment firm, offering trading and brokerage, risk management, and other financial services. Their growth has been powered by a simple commitment: put the client first, every time. And now Loop Capital has released their list – the Best Ideas for 2020.We filtered the Loop's picks through our Stock Screener tool, looking for those with Strong Buy consensus ratings, perfect 10s from the Smart Score, and a solid upside potential. We found three that fit the profile. Let's take a closer look.SmileDirectClub, Inc. (SDC)Digital technology has impacted so many areas of our daily lives. The internet has supercharged the speed with which we communicate, the way we gather information, and the way we interact with technology. The rise of telemedicine, consultation with medical professionals via two-way streaming video, is a prime example of these changes in action.SmileDirectClub inhabits the telemedicine sector, in the dentistry niche. The company produces clear aligners as a competitor to braces, through 3D printing. Customers interact with the company’s orthodontists virtually, receive tooth impression kits through the mail and later receive the finished product the same way. All tooth molds are reviewed by licensed dentists and orthodontists.SDC started trading publicly in September last year, and failed to impress investors. The stock fell 47% by the end of 2019. On January 6, however, the company’s fortunes started turning around. Management announced an exclusive sales agreement with Walmart, including a line of oral-care products only available through the giant retailer. In response, SDC shares spiked 29% in one day. While that is just a small part of the previous losses, it appears stable to far and rests on a strong marketing development.Writing about SDC for Loop, analyst Laura Champine says, “We are highlighting SDC today as a small-cap growth stock with potential for a significant rebound in 2020 as investors appreciate the company’s growth prospects...” Champine noted important partnerships with pharmacy chains and insurance companies, but particularly pointed out expansion of the customer base as an avenue for growth: “The company’s new night-time aligner product can be used 10 hours per day versus the 22 hours per day for the core product – opening the youth market to SDC in our view.”Champine puts a Buy rating on the stock, along with a $15 price target that suggests an upside of 44%. (To watch Champine’s track record, click here)Champine is certainly not the first analyst with an optimistic outlook for the online dentistry company, as TipRanks analytics showcasing SDC stock as a Strong Buy. With an average price target of $18.80, analysts are predicting an upside of nearly 90%. In total, the stock has received 10 'buy' ratings vs. just 1 'hold' in the last three months. (See SmileDirectClub’s stock analysis at TipRanks)Alibaba Group (BABA)Even with lower levels of internet penetration, China still has the world’s single largest online market – upwards of 800 million people, more than double the entire US population. This is the base that supports Alibaba, the largest Chinese e-commerce company.Unlike Amazon, which controls both product supply and shipping along with the online customer contact platform, Alibaba is primarily a sales platform. The company connects merchants with customers, and takes a cut. As a measure of success, this past Singles Day (November 11, the company’s best online shopping day of the year), Alibaba set a new sales record of $38.4 billion.Strong sales performances have powered strong earnings and revenues. The week before Singles Day, BABA reported fiscal Q2 earnings and beat both the revenue and EPS forecasts. Revenues hit $16.65 billion, $180 million better than expected, while EPS came in at $1.83, 22% higher than expected. Even better for BABA’s prospects, the company saw monthly active users rise by 30 million in the quarter, to 785 million.Rob Sanderson, 5-star analyst with Loop, writes of this stock, “We are highlighting BABA as a blue-chip mega-cap that offers meaningful upside potential… While BABA shares outperformed their US mega-cap peers with an impressive 52% gain in 2019 (vs. S&P 500 up 27%), the stock is still a laggard on a two-year basis. We expect this performance gap will continue to narrow in 2020 as trade dynamics move along the path to resolution, the company executes on merger and other ecosystem synergies and robust earnings growth continues.”In line with this upbeat outlook, Sanderson puts a Buy rating on BABA. His $280 price target indicates confidence in 28% upside growth in the next 12 months. (To watch Sanderson’s track record, click here)BABA shares get a unanimous thumbs up, with 19 Buys backing the stock’s Strong Buy consensus rating. Shares sell for $221, and the average price target of $238 suggests an upside potential of 7.5%. While not spectacular, Wall Street agrees that this is as close to a sure thing as investors are likely to find. (See Alibaba stock analysis at TipRanks)Adesto Technologies (IOTS)The Internet of Things (IoT), the catch phrase of connected devices, especially in industry, is the premier example of the way that digitization is impacting the economy. From factory robots to autonomous cars, IoT is expanding its reach. Adesto produces the semiconductor chips and embedded systems devices need to make IoT networks function. The company sells to equipment manufacturers rather than the open market.That still gives Adesto a customer base of more than 5,000 companies around the world. IoT depends on connectivity, and will be heavily involved in the rollover to 5G and network tech improves and expands. Adesto’s chips provide advanced controller and memory functions, making the company essential in an essential industry. IOTS gained 82% in 2019.Adesto’s most recent quarterly earnings, reported in November for Q3 2019, show the company’s strong position. The 3 cent EPS was 50% higher than the forecast, but also far ahead of the year-ago quarter’s 4 cent loss. The solid revenue figure, $32.03 million, beat the forecast by 3% and the previous Q3 by 45%. It was the fourth consecutive quarter that IOTS beat estimates.David Williams wrote up Loops view of IOTS shares, “We believe Adesto is well-positioned to deliver outsized returns relative to peers, driven by strong execution, improving design win pipeline and secular trends relating to the ramp of 5G. We are particularly encouraged by the success within the core memory business and view adoption by multiple tier-one customers… as indicative of the quality pipeline of design wins.”Williams showed his confidence in a $13 price target, suggesting a robust 55% upside, and a Buy rating on the stock. (To watch Williams’ track record, click here)Adesto is another company with a unanimous Strong Buy consensus rating. Three of Wall Street’s top analysts have given the stock a Buy rating in the last two months. Considering the potential here, shares are priced at a bargain – just $8.72. The average price target, $12, suggests an upside of 38%. (See Adesto stock analysis at TipRanks)
NASHVILLE, Tenn., Jan. 08, 2020 -- SmileDirectClub, Inc. (Nasdaq: SDC), announced today that management will attend the following conference: The 38th Annual J.P. Morgan.
Teledentistry pioneer SmileDirectClub today announced its expansion into Asia, bringing doctor-directed remote clear aligner therapy to Hong Kong. Perfect for the busy lifestyle of Hongkongers, SmileDirectClub introduces a convenient and affordable teeth straightening solution developed from cutting-edge teledentistry technology. As the first medtech platform for direct-to-consumer teeth straightening, SmileDirectClub has revolutionized the global oral care industry.
SmileDirectClub (NASDAQ: SDC ) announced the launch Monday of a line of oral care products for Walmart Inc (NYSE: WMT ) U.S. stores and Walmart.com. SmileDirectClub said it will also introduce three new ...
The 2019 IPO market churned out a number of unforgettable disappoints, such as Uber, Lyft, and ill-fated office-sharing titan, WeWork. Will investors remain cautious of the IPO market in 2020? Scenic Advisement Founder and CEO Barrett Cohn joins The Final Round to discuss.
SmileDirect Club has made a deal with Walmart to start selling some of its products inside Walmart stores and on the Walmart website. Yahoo Finance’s Alexis Christoforous and Brian Sozzi go Inside the C-Suite and discuss on The First Trade.