Futu Holdings Limited Sponsored ADR (NASDAQ:FUTU – Get Free Report) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $139.9075.
A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered Futu from a “buy” rating to a “neutral” rating and set a $102.13 target price for the company. in a research note on Monday, May 25th. Wall Street Zen upgraded Futu from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research upgraded Futu from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $170.50 price objective on shares of Futu in a research report on Thursday, May 28th.
Get Our Latest Stock Report on FUTU
Institutional Investors Weigh In On Futu
Futu Trading Up 1.8%
Shares of Futu stock opened at $114.05 on Tuesday. Futu has a twelve month low of $80.50 and a twelve month high of $202.53. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.46. The company has a fifty day moving average price of $110.31 and a 200 day moving average price of $121.00.
Futu (NASDAQ:FUTU – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.98 by $0.35. The company had revenue of $852.66 million for the quarter, compared to analyst estimates of $786.07 million. Futu had a return on equity of 28.20% and a net margin of 42.95%. Analysts forecast that Futu will post 9.47 earnings per share for the current year.
Futu Company Profile
Futu Holdings Limited is a financial technology company that operates online brokerage and wealth-management platforms. Founded in 2012 and headquartered in Hong Kong, the company provides digital tools that allow individual investors to trade securities and manage investments through mobile and web applications.
Through its Futu and Moomoo platforms, the company offers access to products such as stocks, exchange-traded funds, options and futures, subject to the regulations of the relevant markets.
Featured Stories
- Five stocks we like better than Futu
- Can Bloom Energy Pop the Top Off AI’s Massive Energy Bottleneck?
- Coach’s Momentum Powers Tapestry Despite the Stock’s Sharp Pullback
- AI Is Reshaping SaaS—These 2 Software ETFs Offer Different Ways to Play It
- Insiders Signal Deep Value In DICK’s Sporting Goods
Receive News & Ratings for Futu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Futu and related companies with MarketBeat.com's FREE daily email newsletter.
