Analysts Set VNET Group, Inc. – Unsponsored ADR (NASDAQ:VNET) Target Price at $11.15

VNET Group, Inc. – Unsponsored ADR (NASDAQ:VNET) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $11.15.

A number of analysts recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of VNET Group in a research report on Wednesday, October 8th. Bank of America upped their price objective on VNET Group from $11.80 to $12.60 and gave the company a “buy” rating in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded VNET Group from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd.

Hedge Funds Weigh In On VNET Group

A number of hedge funds have recently made changes to their positions in the business. Infini Capital Management Ltd boosted its stake in shares of VNET Group by 39.2% in the second quarter. Infini Capital Management Ltd now owns 9,758,083 shares of the information technology services provider’s stock worth $67,331,000 after acquiring an additional 2,747,661 shares during the period. Norges Bank bought a new position in shares of VNET Group in the second quarter worth about $54,199,000. Oxbow Capital Management HK Ltd boosted its stake in shares of VNET Group by 64.3% in the second quarter. Oxbow Capital Management HK Ltd now owns 5,750,000 shares of the information technology services provider’s stock worth $39,675,000 after acquiring an additional 2,250,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of VNET Group by 5.3% in the first quarter. Vanguard Group Inc. now owns 5,495,446 shares of the information technology services provider’s stock worth $45,063,000 after acquiring an additional 278,496 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of VNET Group in the first quarter worth about $27,463,000. Institutional investors own 72.83% of the company’s stock.

VNET Group Stock Down 3.1%

VNET stock opened at $9.07 on Monday. VNET Group has a 1-year low of $3.25 and a 1-year high of $16.13. The business has a fifty day moving average price of $9.09 and a 200-day moving average price of $7.45. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $2.44 billion, a P/E ratio of -113.38, a P/E/G ratio of 5.40 and a beta of 0.20.

VNET Group (NASDAQ:VNET) last posted its quarterly earnings data on Thursday, August 21st. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $339.65 million for the quarter, compared to analysts’ expectations of $2.27 billion. VNET Group had a net margin of 0.74% and a return on equity of 0.98%. VNET Group has set its FY 2025 guidance at EPS. Equities analysts forecast that VNET Group will post -0.06 earnings per share for the current fiscal year.

VNET Group announced that its board has initiated a stock buyback plan on Friday, June 27th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the information technology services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

VNET Group Company Profile

VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.