Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) saw unusually-strong trading volume on Friday. Approximately 77,473 shares were traded during mid-day trading, an increase of 85% from the previous session’s volume of 41,825 shares. The stock last traded at $13.02 and had previously closed at $12.92.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Yuanbao has a consensus rating of “Hold” and an average target price of $21.80.
Read Our Latest Report on Yuanbao
Yuanbao Stock Performance
Yuanbao (NASDAQ:YB – Get Free Report) last announced its quarterly earnings results on Friday, September 11th. The company reported $1.26 earnings per share (EPS) for the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 43.75%. The business had revenue of $204.92 million during the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Yuanbao stock. Royal Bank of Canada bought a new stake in Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,079 shares of the company’s stock, valued at approximately $72,000.
Yuanbao Company Profile
Yuanbao Inc (NASDAQ: YB) is a China-based insurance technology company that operates a digital platform for the distribution of insurance products. The company uses online and mobile channels to connect consumers with insurance offerings from participating insurers.
Yuanbao’s business primarily focuses on health and life insurance products, along with related digital insurance services. Its platform is designed to support product discovery, application, and policy management, while helping insurance providers reach individual customers through technology-enabled distribution.
The company serves customers in China through its online platform.
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