Full Truck Alliance (YMM) to Release Earnings on Monday

Full Truck Alliance (NYSE:YMM – Get Rating) is scheduled to be releasing its earnings data before the market opens on Monday, May 22nd. Full Truck Alliance has set its Q1 2023 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Full Truck Alliance (NYSE:YMM – Get Rating) last issued its quarterly earnings results on Wednesday, March 8th. The company reported $0.03 EPS for the quarter. Full Truck Alliance had a net margin of 5.53% and a return on equity of 1.36%. The business had revenue of $278.73 million for the quarter.

Full Truck Alliance Stock Down 2.2 %

Shares of NYSE:YMM opened at $5.81 on Monday. The company has a market cap of $6.42 billion, a PE ratio of 116.20 and a beta of 0.07. Full Truck Alliance has a fifty-two week low of $4.58 and a fifty-two week high of $10.18. The firm has a 50-day simple moving average of $6.96 and a 200 day simple moving average of $7.43.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays initiated coverage on shares of Full Truck Alliance in a research report on Thursday, February 9th. They issued an “equal weight” rating and a $8.00 price target for the company. TheStreet downgraded shares of Full Truck Alliance from a “c-” rating to a “d+” rating in a research report on Thursday, February 23rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Full Truck Alliance currently has an average rating of “Moderate Buy” and an average price target of $11.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SB Global Advisers Ltd bought a new position in Full Truck Alliance in the 3rd quarter valued at approximately $4,550,000. Marshall Wace LLP purchased a new position in Full Truck Alliance in the 4th quarter worth about $1,024,000. Deutsche Bank AG lifted its stake in Full Truck Alliance by 54.7% during the 2nd quarter. Deutsche Bank AG now owns 86,303 shares of the company’s stock valued at $782,000 after acquiring an additional 30,509 shares during the period. Northern Trust Corp purchased a new stake in shares of Full Truck Alliance during the 1st quarter valued at about $498,000. Finally, Sei Investments Co. grew its stake in shares of Full Truck Alliance by 20.8% in the first quarter. Sei Investments Co. now owns 70,874 shares of the company’s stock worth $473,000 after acquiring an additional 12,182 shares during the period. 36.69% of the stock is owned by institutional investors.

About Full Truck Alliance

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Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, electronic toll collection, and energy services.