So-Young International (NASDAQ:SY) Announces Earnings Results, Beats Expectations By $0.53 EPS

So-Young International (NASDAQ:SY) issued its quarterly earnings results on Wednesday. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.53, FiscalAI reports. The firm had revenue of $65.85 million during the quarter, compared to analyst estimates of $442.62 million. So-Young International had a negative net margin of 51.26% and a negative return on equity of 10.07%.

So-Young International Price Performance

Shares of SY stock opened at $2.91 on Wednesday. So-Young International has a fifty-two week low of $0.67 and a fifty-two week high of $6.28. The firm’s 50 day moving average price is $3.06 and its two-hundred day moving average price is $3.22. The stock has a market cap of $293.47 million, a price-to-earnings ratio of -2.94 and a beta of 2.01.

Hedge Funds Weigh In On So-Young International

A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its position in So-Young International by 227.1% during the 4th quarter. Millennium Management LLC now owns 104,330 shares of the company’s stock worth $267,000 after purchasing an additional 72,438 shares during the period. State Street Corp raised its position in So-Young International by 237.0% in the fourth quarter. State Street Corp now owns 183,641 shares of the company’s stock valued at $470,000 after purchasing an additional 129,141 shares during the period. Barclays PLC raised its position in So-Young International by 124.3% in the fourth quarter. Barclays PLC now owns 1,116,336 shares of the company’s stock valued at $2,858,000 after purchasing an additional 618,709 shares during the period. Nomura Holdings Inc. acquired a new position in shares of So-Young International during the third quarter worth about $1,265,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of So-Young International by 1,007.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 179,414 shares of the company’s stock worth $459,000 after purchasing an additional 163,212 shares in the last quarter. Hedge funds and other institutional investors own 35.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SY. Weiss Ratings reissued a “sell (d)” rating on shares of So-Young International in a research note on Monday, December 29th. Wall Street Zen raised So-Young International from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.50.

About So-Young International

So-Young International Inc operates a leading digital marketplace and community platform focused on the medical aesthetic industry in China. Headquartered in Shanghai and founded in 2013, the company connects consumers seeking cosmetic treatments with a network of accredited clinics, licensed physicians and beauty service providers. Its online ecosystem offers a wealth of educational content, peer reviews and before-and-after galleries designed to help users make informed decisions about aesthetic procedures.

The company’s platform is accessible via web and mobile applications, where users can browse service packages, compare providers, read expert articles and schedule appointments directly through an integrated booking system.