TAL Education Group (NYSE:TAL) Shares Gap Down - What's Next?

TAL Education Group (NYSE:TAL - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $14.46, but opened at $13.93. TAL Education Group shares last traded at $14.38, with a volume of 2,485,646 shares.

Analyst Ratings Changes

A number of research firms have commented on TAL. StockNews.com upgraded TAL Education Group from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. UBS Group boosted their target price on TAL Education Group from $16.40 to $17.20 and gave the stock a "buy" rating in a research report on Friday, January 24th.

TAL Education Group Price Performance

The company has a 50-day moving average price of $10.85 and a 200-day moving average price of $10.09. The firm has a market capitalization of $8.78 billion, a PE ratio of 76.40 and a beta of 0.02.

Institutional Investors Weigh In On TAL Education Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of TAL Education Group in the fourth quarter valued at about $40,000. Point72 DIFC Ltd acquired a new stake in shares of TAL Education Group in the third quarter valued at about $48,000. Blue Trust Inc. grew its stake 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 valued at $91,000 after buying an additional 4,403 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of TAL Education Group in the fourth quarter valued at about $79,000. Finally, DRW Securities LLC acquired a new stake in shares of TAL Education Group in the third quarter valued at about $128,000. 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.