Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $2.87, but opened at $2.95. Gaotu Techedu shares last traded at $2.75, with a volume of 565,004 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Citigroup lowered Gaotu Techedu from a "buy" rating to a "sell" rating in a research note on Tuesday, August 27th.
Read Our Latest Stock Report on GOTU
Gaotu Techedu Price Performance
The company has a 50 day moving average of $3.15 and a 200-day moving average of $4.21. The company has a market capitalization of $729.39 million, a P/E ratio of -8.26 and a beta of 0.02.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The company reported ($0.23) earnings per share for the quarter. Gaotu Techedu had a negative net margin of 17.63% and a negative return on equity of 20.26%. The company had revenue of $138.95 million during the quarter.
Hedge Funds Weigh In On Gaotu Techedu
Institutional investors have recently bought and sold shares of the stock. Millennium Management LLC grew its position in shares of Gaotu Techedu by 1,233.8% in the 2nd quarter. Millennium Management LLC now owns 579,011 shares of the company's stock worth $2,837,000 after buying an additional 535,601 shares during the period. BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of Gaotu Techedu during the second quarter valued at approximately $2,450,000. National Bank of Canada FI bought a new stake in shares of Gaotu Techedu in the 2nd quarter worth approximately $2,135,000. Jupiter Asset Management Ltd. bought a new stake in shares of Gaotu Techedu in the 2nd quarter worth approximately $693,000. Finally, Headlands Technologies LLC grew its stake in shares of Gaotu Techedu by 1,362.7% in the 2nd quarter. Headlands Technologies LLC now owns 141,718 shares of the company's stock worth $694,000 after buying an additional 132,029 shares during the last quarter. 48.42% of the stock is owned by institutional investors.
About Gaotu Techedu
(
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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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