Dada Nexus (NASDAQ:DADA) Price Target Lowered to $18.00 at Mizuho

Dada Nexus (NASDAQ:DADAGet Rating) had its price target reduced by Mizuho from $20.00 to $18.00 in a report issued on Monday, The Fly reports. Mizuho’s price objective suggests a potential upside of 135.91% from the company’s current price.

Other analysts have also issued research reports about the company. Credit Suisse Group raised Dada Nexus from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $25.00 to $17.50 in a report on Wednesday, March 9th. JPMorgan Chase & Co. lowered Dada Nexus from an “overweight” rating to a “neutral” rating and set a $7.50 target price for the company. in a report on Monday, March 14th. Zacks Investment Research raised Dada Nexus from a “sell” rating to a “hold” rating in a report on Monday, January 31st. Finally, Bank of America cut their price objective on Dada Nexus from $35.40 to $28.70 and set a “buy” rating for the company in a report on Wednesday, March 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $27.16.

Dada Nexus stock opened at $7.63 on Monday. The company has a market capitalization of $1.77 billion, a P/E ratio of -4.74 and a beta of 1.59. The stock’s 50 day moving average is $8.44 and its 200 day moving average is $13.28. Dada Nexus has a twelve month low of $5.00 and a twelve month high of $32.50.

Dada Nexus (NASDAQ:DADAGet Rating) last posted its quarterly earnings results on Tuesday, March 8th. The company reported ($2.04) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($1.67). Dada Nexus had a negative return on equity of 48.26% and a negative net margin of 35.96%. During the same period in the previous year, the company posted ($0.36) earnings per share. Research analysts predict that Dada Nexus will post -0.6 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its position in Dada Nexus by 5.4% during the fourth quarter. Baillie Gifford & Co. now owns 7,979,254 shares of the company’s stock valued at $105,006,000 after purchasing an additional 412,162 shares in the last quarter. BlackRock Inc. lifted its position in shares of Dada Nexus by 7.2% in the third quarter. BlackRock Inc. now owns 2,393,472 shares of the company’s stock valued at $47,967,000 after acquiring an additional 161,575 shares in the last quarter. Krane Funds Advisors LLC lifted its position in shares of Dada Nexus by 15.6% in the fourth quarter. Krane Funds Advisors LLC now owns 2,049,546 shares of the company’s stock valued at $26,972,000 after acquiring an additional 276,883 shares in the last quarter. Hel Ved Capital Management Ltd purchased a new position in shares of Dada Nexus in the fourth quarter valued at about $18,458,000. Finally, State Street Corp lifted its position in shares of Dada Nexus by 7.1% in the fourth quarter. State Street Corp now owns 1,117,597 shares of the company’s stock valued at $14,708,000 after acquiring an additional 73,769 shares in the last quarter. Institutional investors own 24.15% of the company’s stock.

About Dada Nexus (Get Rating)

Dada Nexus Limited operates platform of local on-demand retail and delivery in China. It operates JDDJ, a local on-demand retail platform for consumers, retailers, and brand owners; and Dada Now, a local on-demand delivery platform for merchants and individual senders in various industries and product categories.

Featured Articles

The Fly logo

Analyst Recommendations for Dada Nexus (NASDAQ:DADA)

Receive News & Ratings for Dada Nexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dada Nexus and related companies with MarketBeat.com's FREE daily email newsletter.