MYDA Advisors LLC Acquires Shares of 225,000 MYT Netherlands Parent B.V. (NYSE:MYTE)

MYDA Advisors LLC bought a new stake in shares of MYT Netherlands Parent B.V. (NYSE:MYTE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 225,000 shares of the company’s stock, valued at approximately $1,598,000. MYDA Advisors LLC owned 0.26% of MYT Netherlands Parent B.V. as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MYTE. JPMorgan Chase & Co. bought a new position in MYT Netherlands Parent B.V. during the fourth quarter valued at approximately $80,000. XTX Topco Ltd bought a new position in shares of MYT Netherlands Parent B.V. during the 4th quarter valued at $96,000. Coronation Fund Managers Ltd. acquired a new stake in shares of MYT Netherlands Parent B.V. in the 4th quarter valued at $124,000. Walleye Capital LLC bought a new stake in MYT Netherlands Parent B.V. in the fourth quarter worth $256,000. Finally, Capricorn Fund Managers Ltd acquired a new position in MYT Netherlands Parent B.V. during the fourth quarter worth $4,225,000. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

MYT Netherlands Parent B.V. Price Performance

NYSE MYTE opened at $7.67 on Friday. The company has a market cap of $653.99 million, a P/E ratio of -17.84 and a beta of 1.08. MYT Netherlands Parent B.V. has a 1 year low of $3.22 and a 1 year high of $12.50. 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 company has a fifty day simple moving average of $8.98 and a 200 day simple moving average of $7.96.

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, sell-side analysts predict that MYT Netherlands Parent B.V. will post -0.39 EPS for the current year.

Analyst Upgrades and Downgrades

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

MYT Netherlands Parent B.V. Company Profile

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.