Gaotu Techedu (NYSE:GOTU) Shares Down 0.2% – Time to Sell?

Gaotu Techedu Inc. (NYSE:GOTU – Get Free Report)’s share price dropped 0.2% during trading on Monday. The company traded as low as $2.39 and last traded at $2.4550. 582,274 shares traded hands during trading, an increase of 14% from the average session volume of 510,582 shares. The stock had previously closed at $2.46.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Gaotu Techedu from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Check Out Our Latest Report on GOTU

Gaotu Techedu Trading Down 0.2%

The stock has a market cap of $588.83 million, a price-to-earnings ratio of -11.69 and a beta of 0.73. The business’s 50 day moving average is $1.93 and its 200 day moving average is $1.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.86 and a quick ratio of 0.85.

Gaotu Techedu (NYSE:GOTU – Get Free Report) last posted its quarterly earnings results on Thursday, August 27th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.08). The business had revenue of $245.82 million during the quarter, compared to analyst estimates of $238.39 million. Gaotu Techedu had a negative net margin of 5.00% and a negative return on equity of 26.89%.

Institutional Investors Weigh In On Gaotu Techedu

Several hedge funds and other institutional investors have recently made changes to their positions in GOTU. Renaissance Technologies LLC boosted its holdings in shares of Gaotu Techedu by 2.2% in the first quarter. Renaissance Technologies LLC now owns 2,330,640 shares of the company’s stock valued at $4,568,000 after acquiring an additional 50,362 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Gaotu Techedu by 27.7% in the 1st quarter. Hsbc Holdings PLC now owns 161,501 shares of the company’s stock valued at $319,000 after acquiring an additional 35,044 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Gaotu Techedu in the 2nd quarter valued at $53,000. Headlands Technologies LLC purchased a new stake in Gaotu Techedu in the 2nd quarter valued at $35,000. Finally, SmartHarvest Portfolios LLC purchased a new stake in shares of Gaotu Techedu in the first quarter valued at about $29,000. Institutional investors and hedge funds own 48.42% of the company’s stock.

About Gaotu Techedu

(Get Free Report)

Gaotu Techedu Inc is a China-based education technology company that provides learning services and products through online and offline channels. The company offers educational content, tutoring programs, and technology-enabled learning tools designed to support students and adult learners.

Its offerings have included courses for primary and secondary school students, foreign-language learning, professional and vocational development, and personal-interest education. Gaotu also develops educational materials and intelligent learning products intended to complement its course services.

Founded in 2014 as GSX Techedu Inc, the company later adopted the name Gaotu Techedu Inc and trades in the United States under the symbol GOTU.

Further Reading

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