Full Truck Alliance (NYSE:YMM – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.
YMM has been the topic of several other research reports. UBS Group restated a “buy” rating and issued a $13.36 target price on shares of Full Truck Alliance in a report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded shares of Full Truck Alliance from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $8.60 to $10.00 in a research note on Monday, June 29th. Finally, Weiss Ratings raised Full Truck Alliance from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Full Truck Alliance has a consensus rating of “Moderate Buy” and a consensus price target of $11.30.
Get Our Latest Stock Report on Full Truck Alliance
Full Truck Alliance Stock Performance
Shares of NYSE:YMM opened at $8.28 on Friday. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.75 and a beta of 0.22. The business has a 50-day simple moving average of $8.46 and a two-hundred day simple moving average of $8.62. Full Truck Alliance has a fifty-two week low of $7.45 and a fifty-two week high of $13.40.
Full Truck Alliance (NYSE:YMM – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. The firm had revenue of $497.73 million for the quarter, compared to the consensus estimate of $463.13 million. As a group, research analysts predict that Full Truck Alliance will post 0.71 earnings per share for the current year.
Institutional Investors Weigh In On Full Truck Alliance
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC bought a new position in shares of Full Truck Alliance in the 1st quarter worth approximately $25,000. Rockefeller Capital Management L.P. bought a new stake in Full Truck Alliance during the fourth quarter valued at approximately $39,000. QRG Capital Management Inc. grew its position in Full Truck Alliance by 61.1% during the second quarter. QRG Capital Management Inc. now owns 21,039 shares of the company’s stock valued at $171,000 after buying an additional 7,976 shares during the period. E. Ohman J or Asset Management AB bought a new stake in Full Truck Alliance during the second quarter valued at approximately $349,000. Finally, SummitTX Capital L.P. purchased a new stake in Full Truck Alliance during the first quarter valued at approximately $515,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.
About Full Truck Alliance
Full Truck Alliance Co Ltd. is a China-based digital freight platform that connects shippers with truck drivers and logistics companies. The company operates through its Yunmanman and Huochebang platforms, which help users find transportation capacity, arrange shipments and manage freight transactions through online tools.
Its services are designed to improve the efficiency of China’s road freight industry by matching cargo with available trucks and providing information and transaction support.
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