Yuanbao Inc. – Sponsored ADR’s (NASDAQ:YB) Lock-Up Period To End on October 27th

Yuanbao’s (NASDAQ:YB) lock-up period will expire on Monday, October 27th. Yuanbao had issued 2,000,000 shares in its initial public offering on April 30th. The total size of the offering was $30,000,000 based on an initial share price of $15.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Yuanbao in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Yuanbao has an average rating of “Hold”.

Yuanbao Trading Up 1.2%

Yuanbao stock opened at $22.67 on Monday. The firm has a 50 day moving average price of $23.34. Yuanbao has a 12 month low of $14.04 and a 12 month high of $31.00.

Yuanbao (NASDAQ:YB) last issued its earnings results on Wednesday, August 27th. The company reported $0.90 earnings per share (EPS) for the quarter. The firm had revenue of $149.36 million during the quarter.

Hedge Funds Weigh In On Yuanbao

Several large investors have recently modified their holdings of YB. Federated Hermes Inc. purchased a new stake in shares of Yuanbao during the 2nd quarter valued at approximately $370,000. JPMorgan Chase & Co. purchased a new position in Yuanbao in the 2nd quarter valued at approximately $454,000. Finally, WFM ASIA BVI Ltd bought a new stake in Yuanbao during the 2nd quarter valued at $2,020,000.

Yuanbao Company Profile

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.