MYDA Advisors LLC Buys New Holdings in MYT Netherlands Parent B.V. (NYSE:MYTE)

MYDA Advisors LLC purchased a new position in shares of MYT Netherlands Parent B.V. (NYSE:MYTE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 225,000 shares of the company’s stock, valued at approximately $1,598,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter worth about $80,000. XTX Topco Ltd bought a new position in MYT Netherlands Parent B.V. during the fourth quarter worth about $96,000. Coronation Fund Managers Ltd. acquired a new stake in MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $124,000. Walleye Capital LLC bought a new stake in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at approximately $256,000. Finally, Portolan Capital Management LLC raised its holdings in shares of MYT Netherlands Parent B.V. by 5.4% in the 4th quarter. Portolan Capital Management LLC now owns 1,903,285 shares of the company’s stock worth $13,513,000 after buying an additional 97,527 shares in the last quarter. Institutional investors own 10.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TD Cowen upgraded MYT Netherlands Parent B.V. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $14.00 in a research note on Monday, March 3rd.

MYT Netherlands Parent B.V. Price Performance

Shares of MYT Netherlands Parent B.V. stock opened at $7.67 on Friday. MYT Netherlands Parent B.V. has a 1-year low of $3.22 and a 1-year high of $12.50. The firm’s 50-day moving average price is $8.98 and its two-hundred day moving average price is $7.96. The company has a current ratio of 1.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $653.99 million, a price-to-earnings ratio of -17.84 and a beta of 1.08.

MYT Netherlands Parent B.V. (NYSE:MYTE) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. MYT Netherlands Parent B.V. had a negative return on equity of 5.88% and a negative net margin of 3.98%. On average, equities analysts predict that MYT Netherlands Parent B.V. will post -0.39 earnings per share for the current fiscal year.

About MYT Netherlands Parent B.V.

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, rest of Europe, and internationally. It offers womenswear, menswear, kids wear, and lifestyle products. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores.