a.k.a. Brands (NYSE:AKA) Price Target Lowered to $3.50 at Credit Suisse Group

a.k.a. Brands (NYSE:AKAGet Rating) had its price objective cut by Credit Suisse Group to $3.50 in a report released on Wednesday, Stock Target Advisor reports.

Several other analysts have also issued reports on the stock. Telsey Advisory Group dropped their price target on shares of a.k.a. Brands from $6.00 to $4.00 and set an outperform rating on the stock in a research report on Thursday, August 11th. Truist Financial dropped their price target on shares of a.k.a. Brands from $10.00 to $5.00 and set a buy rating on the stock in a research report on Thursday, August 11th. Piper Sandler dropped their price target on shares of a.k.a. Brands from $10.00 to $5.00 and set an overweight rating on the stock in a research report on Friday, July 22nd. Wells Fargo & Company dropped their price target on shares of a.k.a. Brands from $5.00 to $3.00 and set an equal weight rating on the stock in a research report on Thursday, August 11th. Finally, Cowen downgraded shares of a.k.a. Brands from an outperform rating to a market perform rating and decreased their price objective for the company from $10.00 to $2.20 in a report on Monday, August 8th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $4.61.

a.k.a. Brands Stock Performance

Shares of AKA stock opened at $1.82 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 1.84 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $1.67 and its 200-day simple moving average is $2.43. a.k.a. Brands has a 12 month low of $1.25 and a 12 month high of $14.30. The firm has a market cap of $234.45 million, a PE ratio of -91.00 and a beta of 1.21.

Hedge Funds Weigh In On a.k.a. Brands

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of a.k.a. Brands in the third quarter valued at $28,000. Putnam Investments LLC grew its stake in shares of a.k.a. Brands by 7.0% in the third quarter. Putnam Investments LLC now owns 1,230,850 shares of the company’s stock valued at $1,784,000 after acquiring an additional 80,695 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of a.k.a. Brands by 24.1% in the third quarter. Renaissance Technologies LLC now owns 85,100 shares of the company’s stock valued at $123,000 after acquiring an additional 16,500 shares in the last quarter. Must Asset Management Inc. grew its stake in shares of a.k.a. Brands by 99.2% in the third quarter. Must Asset Management Inc. now owns 1,339,798 shares of the company’s stock valued at $1,902,000 after acquiring an additional 667,166 shares in the last quarter. Finally, Summit Partners L P grew its stake in shares of a.k.a. Brands by 2.7% in the third quarter. Summit Partners L P now owns 69,656,120 shares of the company’s stock valued at $101,001,000 after acquiring an additional 1,814,229 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

About a.k.a. Brands

(Get Rating)

a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. It offers apparel, footwear, and accessories through its online stores under the Princess Polly, Culture Kings, Petal & Pup, mnml, and Rebdolls brands, as well as operates eight physical stores under the Culture Kings brand name.

Further Reading

Analyst Recommendations for a.k.a. Brands (NYSE:AKA)

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