Digital Brands Group (NASDAQ:DBGI) CEO John Hilburn Iv Davis Purchases 618,333 Shares

Digital Brands Group, Inc. (NASDAQ:DBGI) CEO John Hilburn Iv Davis purchased 618,333 shares of Digital Brands Group stock in a transaction dated Wednesday, June 10th. The stock was bought at an average cost of $1.13 per share, with a total value of $698,716.29. Following the completion of the transaction, the chief executive officer owned 688,461 shares in the company, valued at approximately $777,960.93. This represents a 881.72% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

John Hilburn Iv Davis also recently made the following trade(s):

• On Tuesday, June 2nd, John Hilburn Iv Davis purchased 70,127 shares of Digital Brands Group stock. The stock was bought at an average cost of $0.70 per share, with a total value of $49,088.90.

Digital Brands Group Price Performance

Shares of NASDAQ:DBGI opened at $0.94 on Friday. The business’s 50-day moving average is $1.25 and its 200 day moving average is $5.27. Digital Brands Group, Inc. has a 1 year low of $0.26 and a 1 year high of $18.00. The firm has a market capitalization of $20.22 million, a P/E ratio of -0.35 and a beta of 0.17.

Institutional Trading of Digital Brands Group

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new stake in shares of Digital Brands Group in the first quarter worth about $29,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Digital Brands Group in the third quarter worth about $221,000. Fifth Third Bancorp purchased a new stake in shares of Digital Brands Group in the first quarter worth about $432,000. Connective Capital Management LLC purchased a new stake in shares of Digital Brands Group in the fourth quarter worth about $876,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Digital Brands Group in the fourth quarter worth about $890,000. Hedge funds and other institutional investors own 1.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DBGI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Digital Brands Group in a research report on Monday, April 20th. Wall Street Zen lowered Digital Brands Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Digital Brands Group has a consensus rating of “Sell”.

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.