Keystone Investors Pte Ltd. recently announced the acquisition of new stake in Gaotu Techedu Inc. (NYSE:GOTU). This fresh investment now brings its stake to 3.73% valued currently at $18.28 million. In addition, Strategic Vision Investment Ltd. raised its holdings by 3.63 million to 5.3 million shares. And Renaissance Technologies LLC has lifted its position by 36.74% or 1.04 million shares – to 3.86 million shares.
With over 1.69 million Gaotu Techedu Inc. (GOTU) shares trading Friday and a closing price of $2.88 on the day, the dollar volume was approximately $4.86 million. The shares have shown a positive half year performance of 215.34% and its price on 05/19/23 lost nearly -2.37%. Currently, there are 259.14M common shares owned by the public and among those 251.17M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for GOTU have a consensus price objective of $30.82. The analysts have set the share’s price value over the next 12 months at a high of $34.45 and a low of $27.20. The average price target is 23.81% above its recent price level and an upside to the estimated low will see the stock gain 89.41% over that period. But an upside of 91.64% will see the stock hit the forecast high price target while median target price for the stock is $30.82.
The top 3 mutual fund holders in Gaotu Techedu Inc. are Vanguard Emerging Markets Stock I, Vanguard Total International Stoc, and Vanguard FTSE All World. Vanguard Emerging Markets Stock I owns 1.98 million shares of the company’s stock, all valued at over $6.49 million. The company sold 47529.0 shares recently to bring their total holdings to about 1.33% of the shares outstanding. Vanguard Total International Stoc bought 75843.0 shares to see its total holdings expand to 1.85 million shares valued at over $6.06 million and representing 1.24% of the shares outstanding. Vanguard FTSE All World sold -0.1 million shares to bring its total holdings to over 0.54 million shares at a value of $1.77 million. Vanguard FTSE All World now owns shares totaling to 0.36% of the shares outstanding.
Shares of Gaotu Techedu Inc. (NYSE: GOTU) opened at $2.91, down -$0.04 from a prior closing price of $2.95. However, the script later moved the day high at 2.9800, down -2.37%. The company’s stock has a 5-day price change of 0.70% and -23.40% over the past three months. GOTU shares are trading 22.03% year to date (YTD), with the 12-month market performance up to 108.70% higher. It has a 12-month low price of $0.64 and touched a high of $5.49 over the same period. GOTU has an average intraday trading volume of 3.49 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.22%, -20.89%, and 14.00% respectively.
Institutional ownership of Gaotu Techedu Inc. (NYSE: GOTU) shares accounts for 21.70% of the company’s 259.14M shares outstanding. Mutual fund holders own 22.72%, while other institutional holders and individual stakeholders account for 3.57% and — respectively.
It has a market capitalization of $765.10M and a beta (3y monthly) value of -0.73. The stock’s trailing 12-month PE ratio is 720.00, while the earnings-per-share (ttm) stands at $0.00. The company has a PEG of 44.92 and a Quick Ratio of 2.60 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.64% over the week and 6.93% over the month.
Analysts forecast that Gaotu Techedu Inc. (GOTU) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.18 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.8 a year ago. Earnings per share for the fiscal year are expected to increase by 100.40%, and 63.60% over the next financial year. EPS should grow at an annualized rate of 16.03% over the next five years, compared to 15.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Gaotu Techedu Inc. (GOTU) as a “Hold” at a consensus score of 3.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
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