a.k.a. Brands (NYSE:AKA) Given New $22.00 Price Target at Telsey Advisory Group

a.k.a. Brands (NYSE:AKA) had its target price trimmed by Telsey Advisory Group from $28.00 to $22.00 in a research report released on Tuesday morning, MarketBeat reports. The firm currently has a market perform rating on the stock.

Separately, Lake Street Capital started coverage on shares of a.k.a. Brands in a research report on Monday, December 16th. They set a “buy” rating and a $30.00 price objective for the company.

a.k.a. Brands Stock Performance

NYSE:AKA opened at $17.90 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. The stock has a market capitalization of $190.46 million, a P/E ratio of -6.19 and a beta of 1.40. The company has a 50 day moving average price of $20.39 and a 200 day moving average price of $20.67. a.k.a. Brands has a fifty-two week low of $7.22 and a fifty-two week high of $33.73.

Institutional Investors Weigh In On a.k.a. Brands

A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC grew its position in a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,369 shares of the company’s stock after purchasing an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent reporting period. 55.35% of the stock is currently owned by institutional investors and hedge funds.

About a.k.a. Brands

a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. The company offers streetwear apparel, dresses, tops, bottoms, shoes, headwear, and accessories through its online stores under the Princess Polly, Petal & Pup, Culture Kings, and mnml brands.