a.k.a. Brands (NYSE:AKA) Receives “Sell (D-)” Rating from Weiss Ratings

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the stock. Lake Street Capital began coverage on shares of a.k.a. Brands in a research note on Monday, December 16th. They set a “buy” rating and a $30.00 price target on the stock. Telsey Advisory Group decreased their target price on shares of a.k.a. Brands from $28.00 to $22.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th.

a.k.a. Brands Stock Up 5.9 %

AKA opened at $18.00 on Friday. The business has a 50 day moving average of $19.84 and a 200-day moving average of $20.73. The stock has a market capitalization of $191.52 million, a price-to-earnings ratio of -6.23 and a beta of 1.40. The company has a current ratio of 1.58, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77. a.k.a. Brands has a 1-year low of $7.22 and a 1-year high of $33.73.

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

A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC increased its stake in a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,369 shares of the company’s stock after buying an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned approximately 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 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.