Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report)'s share price gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $2.53, but opened at $2.80. Gaotu Techedu shares last traded at $3.17, with a volume of 4,975,926 shares.
The company reported ($0.26) EPS for the quarter. Gaotu Techedu had a negative return on equity of 37.79% and a negative net margin of 26.36%.
Institutional Trading of Gaotu Techedu
Hedge funds have recently added to or reduced their stakes in the business. Two Sigma Advisers LP purchased a new position in shares of Gaotu Techedu during the 4th quarter worth about $41,000. Point72 Asset Management L.P. acquired a new stake in shares of Gaotu Techedu in the fourth quarter worth $343,000. Lighthouse Investment Partners LLC purchased a new position in shares of Gaotu Techedu in the 4th quarter valued at $103,000. Two Sigma Securities LLC acquired a new position in shares of Gaotu Techedu during the 4th quarter valued at $86,000. Finally, Marshall Wace LLP purchased a new stake in Gaotu Techedu during the 4th quarter worth $781,000. 48.42% of the stock is owned by institutional investors and hedge funds.
Gaotu Techedu Stock Performance
The firm has a fifty day moving average of $2.34 and a 200-day moving average of $2.85. The stock has a market capitalization of $917.58 million, a price-to-earnings ratio of -6.20 and a beta of 0.06.
Gaotu Techedu Company Profile
(
Get Free Report)
Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.
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