In yesterday’s Wall Street session, Party City Holdco Inc. (NYSE:PRTY) shares traded at $0.85, down -3.80% from the previous session.
As of this writing, 1 analysts cover Party City Holdco Inc. (NYSE:PRTY). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.25 and a low of $1.25, we find $1.25. Given the previous closing price of $0.88, this indicates a potential upside of 42.05 percent. PRTY stock price is now -47.68% away from the 50-day moving average and -62.84% away from the 200-day moving average. The market capitalization of the company currently stands at $81.77M.
There are 1 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $1.25 as their price target over the next twelve months.
With the price target reduced from $3 to $1, Telsey Advisory Group maintained Market Perform rating for Party City Holdco Inc. (NYSE: PRTY). On March 13, 2020, Stephens Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $8 to quote $2, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’.
In other news, SOSIN CLIFFORD, 10% Owner sold 444,375 shares of the company’s stock on May 09. The stock was sold for $642,566 at an average price of $1.45. Upon completion of the transaction, the 10% Owner now directly owns 19,557,248 shares in the company, valued at $16.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 08, 10% Owner SOSIN CLIFFORD bought 470,000 shares of the business’s stock. A total of $1,627,939 was incurred on buying the stock at an average price of $3.46. This leaves the insider owning 20,001,623 shares of the company worth $17.0 million. Insiders disposed of 1,100,941 shares of company stock worth roughly $0.94 million over the past 1 year. A total of 5.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PRTY stock. A new stake in Party City Holdco Inc. shares was purchased by GSA CAPITAL PARTNERS LLP during the first quarter worth $735,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC invested $275,000 in shares of PRTY during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Party City Holdco Inc. valued at approximately $215,000. P SCHOENFELD ASSET MANAGEMENT LP acquired a new stake in PRTY for approximately $212,000. DIVISADERO STREET CAPITAL MANAGEMENT, LP purchased a new stake in PRTY valued at around $169,000 in the second quarter. In total, there are 163 active investors with 70.50% ownership of the company’s stock.
Thursday morning saw Party City Holdco Inc. (NYSE: PRTY) opened at $0.8557. During the past 12 months, Party City Holdco Inc. has had a low of $0.72 and a high of $7.01. The fifty day moving average price for PRTY is $1.6190 and a two-hundred day moving average price translates $2.2795 for the stock.
The latest earnings results from Party City Holdco Inc. (NYSE: PRTY) was released for Jun, 2022. According to the Specialty Retail Company, earnings per share came in at $0.1, beating analysts’ expectations of $0.06 by 0.04. This compares to -$0.02 EPS in the same period last year. The net profit margin was -11.90% and return on equity was -497.60% for PRTY. The company reported revenue of $502.19 million for the quarter, compared to $510.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.57 percent. For the current quarter, analysts expect PRTY to generate $514.9M in revenue.
Party City Holdco Inc.(PRTY) Company Profile
Party City Holdco Inc. designs, manufactures, sources, and distributes party goods worldwide. The company operates through two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery. As of February 28, 2022, the company operated approximately 830 specialty retail party supply stores, including franchise stores throughout North America under the Party City and Halloween City names, as well as e-commerce websites principally through the domain name PartyCity.com. It offers its products through company-owned stores, independent party supply stores, mass merchants, grocery retailers, e-commerce merchandisers, and dollar stores. The company was founded in 1947 and is headquartered in Elmsford, New York.