TAL Education Group (NYSE:TAL) Shares Gap Down - Time to Sell?

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $9.87, but opened at $9.35. TAL Education Group shares last traded at $9.34, with a volume of 2,947,726 shares.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of TAL Education Group from a "hold" rating to a "sell" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.80.

TAL Education Group Stock Down 6.1 %

The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 84.23 and a beta of -0.01. The company's 50 day moving average price is $9.91 and its 200 day moving average price is $9.81.

TAL Education Group (NYSE:TAL - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $619.36 million during the quarter, compared to the consensus estimate of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same period in the previous year, the firm posted $0.06 earnings per share. As a group, analysts expect that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new position in TAL Education Group during the third quarter valued at $48,000. EverSource Wealth Advisors LLC raised its position in shares of TAL Education Group by 93.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company's stock worth $45,000 after acquiring an additional 2,186 shares during the period. Blue Trust Inc. raised its position in shares of TAL Education Group by 134.2% in the third quarter. Blue Trust Inc. now owns 7,685 shares of the company's stock worth $91,000 after acquiring an additional 4,403 shares during the period. DRW Securities LLC acquired a new position in shares of TAL Education Group in the third quarter worth about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of TAL Education Group by 1,298,400.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company's stock worth $154,000 after acquiring an additional 12,984 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.