Gaotu Techedu Inc. (NYSE:GOTU) Receives Consensus Rating of “Sell” from Brokerages

Gaotu Techedu Inc. (NYSE:GOTUGet Rating) has received a consensus rating of “Sell” from the seven research firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $5.15.

Separately, CLSA raised Gaotu Techedu from a “sell” rating to an “underperform” rating in a research note on Friday, March 11th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ensign Peak Advisors Inc bought a new stake in Gaotu Techedu in the third quarter valued at approximately $28,000. Zhang Financial LLC bought a new stake in Gaotu Techedu in the fourth quarter valued at approximately $31,000. Jump Financial LLC bought a new stake in Gaotu Techedu in the third quarter valued at approximately $35,000. NewEdge Advisors LLC acquired a new position in Gaotu Techedu in the fourth quarter valued at approximately $35,000. Finally, Squarepoint Ops LLC acquired a new position in Gaotu Techedu in the fourth quarter valued at approximately $44,000. 20.37% of the stock is owned by hedge funds and other institutional investors.

GOTU stock opened at $1.21 on Wednesday. The company has a fifty day moving average price of $1.68 and a two-hundred day moving average price of $1.97. Gaotu Techedu has a one year low of $1.20 and a one year high of $20.55. The stock has a market cap of $308.42 million, a price-to-earnings ratio of -0.65 and a beta of -0.87.

Gaotu Techedu (NYSE:GOTUGet Rating) last posted its earnings results on Tuesday, March 8th. The company reported $0.17 earnings per share for the quarter. Gaotu Techedu had a negative return on equity of 92.01% and a negative net margin of 47.02%. The company had revenue of $199.96 million during the quarter.

Gaotu Techedu Company Profile (Get Rating)

Gaotu Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.

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