a.k.a. Brands Holding Corp. (NYSE:AKA) reported weaker-than-expected financial results for the fourth quarter.
a.k.a. Brands reported quarterly revenue of $149.13 million, missing consensus estimates of $161.95 million. The company reported a loss of $0.03 per share, versus analysts’ estimates of earnings of $0.01 per share.
a.k.a. Brands shares dropped 3.6% to close at $1.33 on Thursday and added 4.5% in after-hours trading.
These analysts made changes to their price targets on a.k.a. Brands following the release of results.
- Telsey Advisory Group slashed the price target on a.k.a. Brands from $4 to $2. Telsey Advisory Group analyst Dana Telsey downgraded the stock from Outperform to Market Perform.
- Piper Sandler cut the price target on a.k.a. Brands from $3 to $2. Piper Sandler analyst Edward Yruma downgraded the stock from Overweight to Neutral.
- Credit Suisse lowered the price target on a.k.a. Brands from $3.5 to $3. Credit Suisse analyst Michael Binetti maintained a Neutral rating.
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