Zepp Health Co. (NYSE:ZEPP) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in Zepp Health Co. (NYSE:ZEPP) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,004,734 shares of the company’s stock after selling 129,476 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.08% of Zepp Health worth $7,107,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new stake in shares of Zepp Health in the 1st quarter valued at approximately $49,000. Citadel Advisors LLC acquired a new position in shares of Zepp Health during the third quarter worth $30,000. Rhumbline Advisers increased its holdings in Zepp Health by 791.3% in the third quarter. Rhumbline Advisers now owns 30,215 shares of the company’s stock valued at $35,000 after buying an additional 26,825 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Zepp Health in the first quarter valued at $107,000. Finally, Susquehanna International Group LLP lifted its holdings in Zepp Health by 40.0% during the 1st quarter. Susquehanna International Group LLP now owns 40,094 shares of the company’s stock worth $53,000 after buying an additional 11,451 shares during the last quarter. Hedge funds and other institutional investors own 52.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a $4.96 price objective on Zepp Health and gave the company a “buy” rating in a report on Tuesday, March 26th.

Zepp Health Stock Down 2.9 %

Shares of NYSE:ZEPP opened at $0.83 on Thursday. The firm has a 50 day simple moving average of $1.11 and a 200-day simple moving average of $1.24. Zepp Health Co. has a twelve month low of $0.82 and a twelve month high of $2.10. The company has a current ratio of 2.04, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $50.64 million, a PE ratio of -1.68 and a beta of 0.81.

Zepp Health (NYSE:ZEPP) last announced its quarterly earnings results on Monday, March 18th. The company reported ($0.02) earnings per share for the quarter. Zepp Health had a negative net margin of 8.66% and a negative return on equity of 8.55%. The company had revenue of $84.47 million during the quarter.

Zepp Health Profile

Zepp Health Corporation operates as a smart wearable and health technology company worldwide. It empowers users to live lives by optimizing health, fitness, and wellness journeys through its consumer brands, Amazfit, Zepp Clarity, and Zepp Aura. The company through its proprietary Zepp Digital Management Platform, which includes the Zepp OS, AI chips, biometric sensors, and data algorithms, delivers cloud-based 24/7 actionable insights and guidance to help users attain wellness goals.