Dingdong (Cayman) Limited (NYSE:DDL) Given Consensus Rating of “Hold” by Analysts

Dingdong (Cayman) Limited (NYSE:DDLGet Rating) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $3.35.

A number of brokerages recently weighed in on DDL. JPMorgan Chase & Co. decreased their price objective on shares of Dingdong (Cayman) from $21.00 to $2.50 in a report on Monday, March 14th. Morgan Stanley lowered shares of Dingdong (Cayman) from an “overweight” rating to an “underweight” rating and decreased their price objective for the stock from $10.00 to $4.20 in a report on Monday, March 21st. Finally, Zacks Investment Research lowered shares of Dingdong (Cayman) from a “buy” rating to a “hold” rating in a report on Friday, April 22nd.

Several hedge funds have recently modified their holdings of the company. Capital Today Evergreen Fund L.P. bought a new stake in shares of Dingdong (Cayman) during the 1st quarter valued at $42,172,000. Coatue Management LLC grew its position in shares of Dingdong (Cayman) by 3,505.0% during the 3rd quarter. Coatue Management LLC now owns 7,029,666 shares of the company’s stock valued at $160,968,000 after acquiring an additional 6,834,666 shares during the period. Ward Ferry Management BVI Ltd grew its position in shares of Dingdong (Cayman) by 93.0% during the 1st quarter. Ward Ferry Management BVI Ltd now owns 1,069,233 shares of the company’s stock valued at $3,796,000 after acquiring an additional 515,160 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Dingdong (Cayman) during the 4th quarter valued at $3,075,000. Finally, CoreView Capital Management Ltd purchased a new position in shares of Dingdong (Cayman) during the 4th quarter valued at $2,877,000. 10.11% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DDL opened at $4.44 on Friday. Dingdong has a twelve month low of $2.51 and a twelve month high of $46.00. The company has a 50 day moving average of $4.64 and a 200 day moving average of $11.34.

Dingdong (Cayman) (NYSE:DDLGet Rating) last announced its quarterly earnings data on Tuesday, February 15th. The company reported ($0.80) earnings per share for the quarter. The company had revenue of $860.48 million for the quarter. Sell-side analysts expect that Dingdong will post -1.55 earnings per share for the current fiscal year.

About Dingdong (Cayman) (Get Rating)

Dingdong (Cayman) Limited operates an e-commerce company in China. It offers vegetables, fresh produce, meat and eggs, fruits, and seafood products, as well as ready-to-eat, ready-to-cook, and ready-to-heat products; and dairy and bakery products, oil and seasonings, prepared meals, rice, noodles and other wheaten products, pre-packaged foods, drinks and liquor, flowers and green plants, and home care and personal care products.

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Analyst Recommendations for Dingdong (Cayman) (NYSE:DDL)

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