a.k.a. Brands (NYSE:AKA) Coverage Initiated by Analysts at Lake Street Capital

Analysts at Lake Street Capital began coverage on shares of a.k.a. Brands (NYSE:AKA) in a report issued on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $30.00 price target on the stock. Lake Street Capital’s price target would suggest a potential upside of 45.99% from the company’s current price.

Separately, Telsey Advisory Group boosted their price target on shares of a.k.a. Brands from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, November 8th.

a.k.a. Brands Stock Up 3.0 %

AKA opened at $20.55 on Monday. The company has a fifty day moving average of $22.37 and a two-hundred day moving average of $20.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. a.k.a. Brands has a fifty-two week low of $7.00 and a fifty-two week high of $33.73. The stock has a market capitalization of $218.65 million, a price-to-earnings ratio of -7.11 and a beta of 1.36.

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 increased its holdings 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 SEC. 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 0.29% of a.k.a. Brands worth $463,000 as of its most recent filing with the SEC. 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.