Yatsen (NYSE:YSG) Stock Rating Upgraded by Wall Street Zen

Yatsen (NYSE:YSG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Friday.

Yatsen Trading Up 1.5%

YSG opened at $5.51 on Friday. Yatsen has a 1-year low of $2.60 and a 1-year high of $6.13. The company has a market cap of $505.60 million, a price-to-earnings ratio of -5.06 and a beta of -2.60. The company’s fifty day moving average price is $4.46 and its two-hundred day moving average price is $4.21.

Yatsen (NYSE:YSG) last announced its quarterly earnings results on Friday, May 16th. The company reported ($0.01) earnings per share (EPS) for the quarter. Yatsen had a negative return on equity of 11.65% and a negative net margin of 24.65%. The company had revenue of $114.86 million for the quarter. As a group, equities analysts forecast that Yatsen will post -0.32 earnings per share for the current fiscal year.

Yatsen announced that its Board of Directors has initiated a stock repurchase plan on Friday, May 16th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Yatsen

A number of hedge funds have recently made changes to their positions in the business. Yiheng Capital Management L.P. bought a new position in Yatsen during the fourth quarter valued at $42,000. Bank of America Corp DE purchased a new position in shares of Yatsen during the 4th quarter valued at $42,000. Marshall Wace LLP purchased a new position in Yatsen during the fourth quarter worth about $47,000. Public Employees Retirement System of Ohio increased its position in shares of Yatsen by 1,446.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 12,699 shares of the company’s stock worth $51,000 after purchasing an additional 11,878 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Yatsen by 22.8% during the 4th quarter. BNP Paribas Financial Markets now owns 18,494 shares of the company’s stock worth $74,000 after acquiring an additional 3,435 shares during the last quarter.

About Yatsen

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby’s Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People’s Republic of China. The company offers color cosmetics for lips, eyes, and face; skin care products, including face serums and creams, eye creams, masks, toners, makeup removers, cleansers, ampoules, and anti-acne patches; and beauty tools and kits, sunscreen products, and beauty devices.