Gaotu Techedu (NYSE:GOTU) Shares Gap Up to $3.64

Gaotu Techedu Inc. (NYSE:GOTUGet Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $3.64, but opened at $3.82. Gaotu Techedu shares last traded at $3.81, with a volume of 34,922 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup assumed coverage on Gaotu Techedu in a research note on Friday, December 30th. They issued a “sell” rating and a $1.30 target price on the stock.

Gaotu Techedu Stock Performance

The company has a 50-day simple moving average of $2.33 and a two-hundred day simple moving average of $1.72. The firm has a market capitalization of $971.58 million, a P/E ratio of 27.00 and a beta of -1.12.

Gaotu Techedu (NYSE:GOTUGet Rating) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $85.21 million for the quarter. Gaotu Techedu had a net margin of 7.77% and a return on equity of 8.29%.

Institutional Trading of Gaotu Techedu

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. purchased a new position in shares of Gaotu Techedu during the first quarter valued at approximately $51,000. Northern Trust Corp purchased a new position in shares of Gaotu Techedu during the second quarter valued at approximately $85,000. Millennium Management LLC lifted its holdings in shares of Gaotu Techedu by 211.2% during the second quarter. Millennium Management LLC now owns 66,206 shares of the company’s stock valued at $130,000 after purchasing an additional 44,930 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Gaotu Techedu by 17.1% during the third quarter. California Public Employees Retirement System now owns 318,479 shares of the company’s stock valued at $385,000 after purchasing an additional 46,398 shares during the last quarter. Finally, ExodusPoint Capital Management LP lifted its holdings in shares of Gaotu Techedu by 236.7% during the second quarter. ExodusPoint Capital Management LP now owns 66,372 shares of the company’s stock valued at $130,000 after purchasing an additional 46,658 shares during the last quarter. 11.91% of the stock is owned by institutional investors.

Gaotu Techedu Company Profile

(Get Rating)

Gaotu Techedu, Inc is a technology-driven education company. Its core expertise is in online K-12 courses, and online K-12 large-class after-school tutoring service provider in China. The company’s K-12 courses cover all primary and secondary grades. It also offers foreign language, professional and interest courses.

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