Niu Technologies (NASDAQ:NIU) Raised to Buy at Wall Street Zen

Niu Technologies (NASDAQ:NIU) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

NIU has been the subject of several other reports. Citigroup lowered their target price on Niu Technologies from $3.70 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $3.50.

Niu Technologies Trading Down 2.4%

NIU stock opened at $2.86 on Friday. The stock has a market capitalization of $222.85 million, a P/E ratio of -35.75 and a beta of -0.24. The firm has a 50-day moving average price of $3.38 and a 200-day moving average price of $3.74. Niu Technologies has a 12 month low of $2.73 and a 12 month high of $5.67.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings results on Monday, March 16th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.03). The company had revenue of $96.66 million for the quarter, compared to analyst estimates of $89.24 million. Niu Technologies had a negative return on equity of 4.37% and a negative net margin of 0.94%.

Insider Buying and Selling

In other news, CFO Fion Wenjuan Zhou sold 22,113 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $3.48, for a total value of $76,953.24. Following the completion of the sale, the chief financial officer owned 142,171 shares in the company, valued at $494,755.08. This represents a 13.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 10.20% of the company’s stock.

Institutional Investors Weigh In On Niu Technologies

Several large investors have recently made changes to their positions in the business. Invesco Ltd. increased its holdings in Niu Technologies by 101.4% during the 4th quarter. Invesco Ltd. now owns 3,649,665 shares of the company’s stock worth $11,058,000 after acquiring an additional 1,837,089 shares during the period. Polunin Capital Partners Ltd lifted its position in shares of Niu Technologies by 36.3% in the 3rd quarter. Polunin Capital Partners Ltd now owns 1,460,883 shares of the company’s stock worth $6,603,000 after purchasing an additional 388,821 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Niu Technologies in the second quarter worth $1,225,000. Qube Research & Technologies Ltd bought a new position in shares of Niu Technologies during the second quarter valued at approximately $1,207,000. Finally, Renaissance Technologies LLC increased its stake in Niu Technologies by 85.4% during the 4th quarter. Renaissance Technologies LLC now owns 544,400 shares of the company’s stock valued at $1,650,000 after purchasing an additional 250,800 shares in the last quarter. 75.06% of the stock is owned by hedge funds and other institutional investors.

About Niu Technologies

Niu Technologies Co, Ltd., established in 2014 and headquartered in Beijing, is a leading designer and manufacturer of smart electric scooters and micro-mobility solutions. The company integrates Internet of Things (IoT) connectivity into its vehicles, enabling real-time monitoring of battery status, vehicle diagnostics, and location tracking through its proprietary mobile application. By leveraging lightweight materials and modular battery systems, Niu aims to deliver efficient urban transportation alternatives that reduce reliance on conventional gasoline-powered motorcycles and cars.

Niu’s product portfolio encompasses a range of electric scooters, motorcycles, and e-bikes marketed under its NQi, MQi, and UQi series.