TAL Education Group (NYSE:TAL – Get Free Report)’s share price rose 3.9% during mid-day trading on Tuesday . The company traded as high as $12.21 and last traded at $12.2020. Approximately 556,768 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 4,041,318 shares. The stock had previously closed at $11.74.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on TAL. Jefferies Financial Group began coverage on TAL Education Group in a research report on Friday, July 31st. They issued a “hold” rating for the company. Zacks Research upgraded TAL Education Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. New Street Research set a $13.60 target price on shares of TAL Education Group in a research note on Friday, July 31st. Wall Street Zen cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings downgraded TAL Education Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.80.
View Our Latest Analysis on TAL Education Group
TAL Education Group Price Performance
TAL Education Group (NYSE:TAL – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.46. TAL Education Group had a return on equity of 24.55% and a net margin of 28.43%.The business had revenue of $758.38 million during the quarter, compared to the consensus estimate of $719.40 million. On average, equities research analysts predict that TAL Education Group will post 1.06 earnings per share for the current year.
Insider Activity at TAL Education Group
In related news, insider Alex Zhuangzhuang Peng sold 30,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $12.28, for a total transaction of $368,400.00. Following the transaction, the insider directly owned 15,144 shares in the company, valued at approximately $185,968.32. The trade was a 66.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.81% of the stock is owned by company insiders.
Institutional Trading of TAL Education Group
A number of institutional investors have recently modified their holdings of the company. Quarry LP bought a new stake in TAL Education Group during the 3rd quarter valued at $42,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of TAL Education Group during the 1st quarter valued at about $50,000. DV Equities LLC purchased a new stake in shares of TAL Education Group in the 4th quarter worth about $49,000. Daiwa Securities Group Inc. lifted its holdings in shares of TAL Education Group by 194.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,750 shares of the company’s stock valued at $63,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in TAL Education Group in the 1st quarter worth $109,000. Hedge funds and other institutional investors own 37.79% of the company’s stock.
About TAL Education Group
TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.
Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.
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