a.k.a. Brands (NYSE:AKA) Trading Down 0.1% – What’s Next?

a.k.a. Brands Holding Corp. (NYSE:AKA)’s stock price dropped 0.1% during trading on Thursday . The company traded as low as $10.73 and last traded at $10.7350. Approximately 1,437 shares were traded during trading, a decline of 55% from the average daily volume of 3,176 shares. The stock had previously closed at $10.75.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AKA. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of a.k.a. Brands in a research report on Thursday, November 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $13.00 target price on shares of a.k.a. Brands in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of a.k.a. Brands in a report on Wednesday, January 21st. Finally, Zacks Research downgraded shares of a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, a.k.a. Brands presently has an average rating of “Hold” and a consensus target price of $18.33.

a.k.a. Brands Trading Down 0.1%

The company has a market cap of $115.29 million, a price-to-earnings ratio of -4.36 and a beta of 1.64. The company has a quick ratio of 0.45, a current ratio of 1.35 and a debt-to-equity ratio of 0.94. The business’s fifty day simple moving average is $11.28 and its two-hundred day simple moving average is $11.51.

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

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC acquired a new stake in a.k.a. Brands Holding Corp. (NYSE:AKA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned 0.11% of a.k.a. Brands at the end of the most recent quarter. 55.35% of the stock is owned by institutional investors.

a.k.a. Brands Company Profile

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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.