BREAKOUT ALERTS
WALL STREET RESEARCHER
Digital Brands Group Inc
DBGI NASDAQ
Fund Purchases Shares – Shares May Triple
These shares hit a years high of $8.80 earlier this year before consolidating to current levels . A solid base has been well established and an oversold condition present has created a BUYING OPPORTUNITY
These shares are testing the $1.56 50 Day M/A resistance and we feel will break out shortly with the next resistance level being $2.99 which is the 200 Day M/A . This company traded over 500,000 shares recently well above its 20 day M/A of 90,082 shares signaling to us a move to the upside and a rebound beginning
_____________________________________
Digital Brands Group Inc offers variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. The company has expanded into an omnichannel brand offering the styles and content not only on-line but at selected wholesale and retail storefronts.
WEBSITE MANAGEMENT FINANCIALS ABOUT BRANDS
DBGI Announces Record 766% Increase in E-Commerce Revenues for January and February
PR Newswire
Hil Davis , Chief Executive Officer of Digital Brands Group, stated that “this e-commerce result is well above our plan, and illustrates the power of our portfolio model. We continue to experience accelerating e-commerce growth as our customer acquisition channels become more targeted with higher conversion rates and higher average spend.”
Davis continued, “In addition, our wholesale channel continues to significantly outperform plan, with a 200%+ increase year-over year in January and February. We are experiencing incredible leverage and results as we cross merchandise our current brands to the customer lists of the newly acquired brands, and vice versa. We believe that as we add more acquisitions into our portfolio these results should only accelerate, which will drive shareholder value in the short and long term.”
Fund Purchases DBGI
For the details of Norwest Venture Partners XII, LP’s stock buys and sells, go to https://www.gurufocus.com/guru/norwest+venture+partners+xii%2C+lp/current-portfolio/portfolio
- Udemy Inc (UDMY) – 12,458,934 shares, 94.38% of the total portfolio. New Position
- Casper Sleep Inc (CSPR) – 1,940,576 shares, 5.03% of the total portfolio.
- Digital Brands Group Inc (DBGI) – 664,151 shares, 0.59% of the total portfolio. New Position
- Health Catalyst Inc (HCAT) – 0 shares, 0.00% of the total portfolio. Shares reduced by 10000%
1. Norwest Venture Partners XII, LP’s Undervalued Stocks
2. Norwest Venture Partners XII, LP’s Top Growth Companies, and
3. Norwest Venture Partners XII, LP’s High Yield stocks
4. Stocks that Norwest Venture Partners XII, LP keeps buying
Neither PSN or WSR nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN or WSR website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN or WSR website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN or WSR website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision. All Reports are reviewed for accuracy and concur that any conclusions made are reasonable expectations. The term Buy List referring to a Watch List and not a recommendation to buy . Each individual has their own risk level and should know their risk level and act accordingly