Goldman Sachs Maintains Latham Group (SWIM) Sell Recommendation

Fintel reports that on April 11, 2023,
Goldman Sachs
maintained
coverage of Latham Group (NASDAQ:SWIM) with
a Sell recommendation.

Analyst Price Forecast Suggests 96.76% Upside

As of April 7, 2023,
the average one-year price target for Latham Group is $4.78.
The forecasts range from a low of $3.03 to a high of $6.30.
The average price target represents an increase of 96.76% from its latest reported closing price of $2.43.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Latham Group
is $603MM, a decrease of 13.34%.

The projected annual non-GAAP EPS
is $0.30.

What are Other Shareholders Doing?

DFSU – Dimensional US Sustainability Core 1 ETF
holds 13K shares
representing 0.01% ownership of the company.

Algert Global
holds 73K shares
representing 0.06% ownership of the company.

Credit Suisse
holds 52K shares
representing 0.05% ownership of the company.

In it’s prior filing, the firm reported owning 45K shares, representing
an increase
of 14.11%.

The firm

decreased

its portfolio allocation in SWIM by 79.13% over the last quarter.

Envestnet Asset Management
holds 274K shares
representing 0.24% ownership of the company.

In it’s prior filing, the firm reported owning 249K shares, representing
an increase
of 9.10%.

The firm

decreased

its portfolio allocation in SWIM by 10.49% over the last quarter.

Profunds – Profund Vp Small-cap
holds 0K shares
representing 0.00% ownership of the company.

In it’s prior filing, the firm reported owning 0K shares, representing
a decrease
of 0.76%.

The firm

increased

its portfolio allocation in SWIM by 0.60% over the last quarter.

What is the Fund Sentiment?

There are 271 funds or institutions reporting positions in Latham Group.

This is an increase
of
8
owner(s) or 3.04% in the last quarter.

Average portfolio weight of all funds dedicated to SWIM is 0.05%,
a decrease
of 12.49%.

Total shares owned by institutions decreased
in the last three months by 12.66% to 40,083K shares.

The put/call ratio of SWIM is 0.79, indicating a

bullish
outlook.

Latham Group Background Information
(This description is provided by the company.)

Latham, the Pool Company™, headquartered in Latham, NY, is the largest designer, manufacturer and marketer of in-ground residential swimming pools in North America, Australia and New Zealand. With a coast-to-coast operations platform consisting of over 2,000 employees across 32 facilities, Latham has sold over 8,700 fiberglass pools in the United States in 2020.

See all Latham Group regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.