Latham Group, Inc. (NASDAQ:SWIM) COO Sanjeev Bahl Sells 3,653 Shares

Latham Group, Inc. (NASDAQ:SWIM – Get Rating) COO Sanjeev Bahl sold 3,653 shares of the company’s stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $3.58, for a total value of $13,077.74. Following the completion of the transaction, the chief operating officer now directly owns 27,211 shares of the company’s stock, valued at $97,415.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Latham Group Price Performance

Shares of Latham Group stock traded down $0.01 during trading on Wednesday, hitting $3.66. The stock had a trading volume of 200,046 shares, compared to its average volume of 395,278. The company has a current ratio of 2.71, a quick ratio of 1.28 and a debt-to-equity ratio of 0.78. Latham Group, Inc. has a 12 month low of $2.75 and a 12 month high of $18.19. The firm has a market cap of $428.66 million, a price-to-earnings ratio of 52.43, a P/E/G ratio of 0.91 and a beta of 0.85. The business’s 50-day moving average is $3.33 and its 200 day moving average is $4.46.

Latham Group (NASDAQ:SWIM – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.07). Latham Group had a net margin of 1.01% and a return on equity of 2.67%. The business had revenue of $189.40 million during the quarter, compared to analysts’ expectations of $191.85 million. As a group, sell-side analysts anticipate that Latham Group, Inc. will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Latham Group

A number of institutional investors have recently made changes to their positions in SWIM. Allspring Global Investments Holdings LLC purchased a new position in Latham Group in the third quarter worth $34,000. Creative Planning bought a new position in shares of Latham Group during the 3rd quarter valued at about $36,000. SG Americas Securities LLC purchased a new position in shares of Latham Group during the 3rd quarter valued at about $44,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Latham Group in the 2nd quarter worth approximately $47,000. Finally, Delphia USA Inc. raised its stake in shares of Latham Group by 38.5% during the third quarter. Delphia USA Inc. now owns 15,275 shares of the company’s stock worth $55,000 after acquiring an additional 4,248 shares in the last quarter. Institutional investors own 31.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SWIM shares. Robert W. Baird cut their price target on shares of Latham Group from $8.00 to $6.00 in a report on Monday, November 14th. The Goldman Sachs Group lowered their target price on Latham Group from $5.50 to $3.50 and set a “sell” rating on the stock in a research note on Wednesday, October 12th. Truist Financial decreased their price objective on Latham Group from $10.00 to $6.00 in a report on Monday, November 14th. Bank of America dropped their price objective on shares of Latham Group from $12.00 to $7.00 in a report on Tuesday, October 18th. Finally, Stifel Nicolaus began coverage on shares of Latham Group in a research report on Monday, December 12th. They issued a “hold” rating and a $3.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.56.

About Latham Group

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Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools, pool covers, and pool liners. The company was formerly known as Latham Topco, Inc and changed its name to Latham Group, Inc in March 2021.