5 Stocks to Sell Now According to Michael Zimmerman’s Prentice Capital Management

3. SmileDirectClub, Inc. (NASDAQ:SDC)

Number of Hedge Fund Holders: 16
Percentage Decrease in Stake in Q4: 100%

SmileDirectClub, Inc. (NASDAQ:SDC) is a dental service provider. SmileDirectClub, Inc. (NASDAQ:SDC) manages end-to-end processes through its teledentistry platform, SmileCheck, which includes marketing, aligner manufacturing, treatment by a doctor, fulfilment, and inspecting through the completion of treatment with over 250 licenced orthodontists and general physicians.

According to Insider Monkey’s fourth quarter database, 16 hedge funds were bullish on SmileDirectClub, Inc. (NASDAQ:SDC), with stakes valued at $9.08 million, down from 18 funds in the earlier quarter, with stakes worth $58.71 million.

An Equal Weight rating was assigned to SmileDirectClub, Inc. (NASDAQ:SDC) with a $2.30 price objective by Morgan Stanley analyst Erin Wright on January 31. She began her coverage of seven dental companies with a good outlook toward the business.

In the third quarter of 2021, Prentice Capital Management held 1.53 million shares of SmileDirectClub, Inc. (NASDAQ:SDC), valued at $8.11 million, which the hedge fund sold in the fourth quarter of 2021.