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

Latham Group, Inc. (NASDAQ:SWIMGet 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:SWIMGet 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

(Get Rating)

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.

See Also

Receive News & Ratings for Latham Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Latham Group and related companies with MarketBeat.com's FREE daily email newsletter.