a.k.a. Brands (NYSE:AKA) Given New $28.00 Price Target at Telsey Advisory Group

a.k.a. Brands (NYSE:AKA) had its price objective increased by Telsey Advisory Group from $25.00 to $28.00 in a research report report published on Friday morning. Telsey Advisory Group currently has a market perform rating on the stock.

Separately, Truist Financial reduced their price target on shares of a.k.a. Brands from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Friday, August 9th.

a.k.a. Brands Trading Down 3.0 %

Shares of NYSE:AKA opened at $24.62 on Friday. a.k.a. Brands has a 1 year low of $6.10 and a 1 year high of $33.73. The stock’s fifty day moving average price is $23.80 and its 200-day moving average price is $19.93. The company has a market cap of $259.74 million, a P/E ratio of -2.75 and a beta of 1.41. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.55 and a quick ratio of 0.48.

Institutional Trading of a.k.a. Brands

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

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.