Gaotu Techedu Inc. (NYSE:GOTU - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $3.05, but opened at $2.94. Gaotu Techedu shares last traded at $2.98, with a volume of 234,757 shares.
Analyst Upgrades and Downgrades
Separately, Citigroup cut shares of Gaotu Techedu from a "buy" rating to a "sell" rating in a research report on Tuesday, August 27th.
View Our Latest Analysis on GOTU
Gaotu Techedu Price Performance
The stock has a market cap of $756.65 million, a price-to-earnings ratio of -36.63 and a beta of -0.02. The firm has a fifty day moving average of $3.85 and a 200 day moving average of $5.43.
Gaotu Techedu (NYSE:GOTU - Get Free Report) last issued its earnings results on Tuesday, August 27th. The company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $138.95 million during the quarter. Gaotu Techedu had a negative return on equity of 20.26% and a negative net margin of 17.63%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in GOTU. Goldman Sachs Group Inc. boosted its position in shares of Gaotu Techedu by 2,548.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,998,033 shares of the company's stock worth $25,333,000 after purchasing an additional 6,733,849 shares during the period. Tiger Pacific Capital LP acquired a new stake in shares of Gaotu Techedu during the fourth quarter worth about $10,665,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Gaotu Techedu by 97.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,365,100 shares of the company's stock valued at $15,491,000 after purchasing an additional 1,169,300 shares in the last quarter. HCEP Management Ltd purchased a new stake in Gaotu Techedu during the 4th quarter worth approximately $3,620,000. Finally, BNP Paribas Financial Markets acquired a new stake in Gaotu Techedu during the 1st quarter worth approximately $6,360,000. 48.42% of the stock is currently owned by hedge funds and other institutional investors.
About Gaotu Techedu
(
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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