Telsey Advisory Group slashes price target on Party City Holdco Inc. [PRTY] – find out why.

Party City Holdco Inc. [NYSE: PRTY] loss -6.95% on the last trading session, reaching $5.62 price per share at the time. The company report on March 18, 2021 that Party City Holdings Inc. Selects GEP Smart Unified Procurement Software Platform To Analyze Spend Globally And Drive Value.

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GEP, a leading provider of procurement and supply chain strategy, software and managed services to Fortune 500 and Global 2000 enterprises worldwide, announced today that Party City Holdings Inc. (PCHI) ¾ a global leader in the consumer party products industry with over 800 company-owned and franchise stores throughout North America ¾ has selected GEP SMART™, the industry’s leading procurement software platform, following a competitive selection process.

GEP SMART Spend Analysis Software will enable PCHI to structure, cleanse and analyze all its spend to the most granular level of visibility.

Party City Holdco Inc. represents 109.60 million in outstanding shares, while the company has a total market value of $668.78 million with the latest information. PRTY stock price has been found in the range of $5.52 to $6.14.

If compared to the average trading volume of 3.52M shares, PRTY reached a trading volume of 5011765 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Party City Holdco Inc. [PRTY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRTY shares is $7.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRTY stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for Party City Holdco Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on March 13, 2020. While these analysts kept the previous recommendation, Stephens dropped their target price from $8 to $2. The new note on the price target was released on March 13, 2020, representing the official price target for Party City Holdco Inc. stock. Previously, the target price had yet another drop from $9 to $2.50, while Telsey Advisory Group kept a Market Perform rating on PRTY stock.

The Average True Range (ATR) for Party City Holdco Inc. is set at 0.60, with the Price to Sales ratio for PRTY stock in the period of the last 12 months amounting to 0.36. The Price to Book ratio for the last quarter was 12.22, with the Price to Cash per share for the same quarter was set at 1.00.

Trading performance analysis for PRTY stock

Party City Holdco Inc. [PRTY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.74. With this latest performance, PRTY shares dropped by -24.87% in over the last four-week period, additionally plugging by 108.92% over the last 6 months – not to mention a rise of 840.27% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRTY stock in for the last two-week period is set at 35.40, with the RSI for the last a single of trading hit 31.73, and the three-weeks RSI is set at 39.01 for Party City Holdco Inc. [PRTY]. The present Moving Average for the last 50 days of trading for this stock 7.34, while it was recorded at 6.04 for the last single week of trading, and 4.17 for the last 200 days.

Party City Holdco Inc. [PRTY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Party City Holdco Inc. [PRTY] shares currently have an operating margin of -10.63 and a Gross Margin at +25.32. Party City Holdco Inc.’s Net Margin is presently recorded at -28.54.

Return on Total Capital for PRTY is now -7.14, given the latest momentum, and Return on Invested Capital for the company is -22.04. Return on Equity for this stock declined to -180.94, with Return on Assets sitting at -16.50. When it comes to the capital structure of this company, Party City Holdco Inc. [PRTY] has a Total Debt to Total Equity ratio set at 4,626.63. Additionally, PRTY Total Debt to Total Capital is recorded at 97.88, with Total Debt to Total Assets ending up at 83.73. Long-Term Debt to Equity for the company is recorded at 3,907.34, with the Long-Term Debt to Total Capital now at 82.67.

Reflecting on the efficiency of the workforce at the company, Party City Holdco Inc. [PRTY] managed to generate an average of -$30,538 per employee. Receivables Turnover for the company is 12.44 with a Total Asset Turnover recorded at a value of 0.58.Party City Holdco Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.10.

Party City Holdco Inc. [PRTY]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Party City Holdco Inc. posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at -0.19/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -47.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PRTY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Party City Holdco Inc. go to 12.58%.

An analysis of insider ownership at Party City Holdco Inc. [PRTY]

There are presently around $436 million, or 71.30% of PRTY stock, in the hands of institutional investors. The top three institutional holders of PRTY stocks are: CAS INVESTMENT PARTNERS, LLC with ownership of 15,263,623, which is approximately 24.193% of the company’s market cap and around 1.20% of the total institutional ownership; MORGAN STANLEY, holding 9,894,249 shares of the stock with an approximate value of $55.61 million in PRTY stocks shares; and VANGUARD GROUP INC, currently with $27.49 million in PRTY stock with ownership of nearly 3.316% of the company’s market capitalization.

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Positions in Party City Holdco Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 79 institutional holders increased their position in Party City Holdco Inc. [NYSE:PRTY] by around 31,359,952 shares. Additionally, 43 investors decreased positions by around 5,237,540 shares, while 13 investors held positions by with 41,027,223 shares. The mentioned changes placed institutional holdings at 77,624,715 shares, according to the latest SEC report filing. PRTY stock had 48 new institutional investments in for a total of 18,050,619 shares, while 19 institutional investors sold positions of 2,157,168 shares during the same period.

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