In yesterday’s Wall Street session, Gaotu Techedu Inc. (NYSE:GOTU) shares traded at $3.11, up 6.14% from the previous session.
As of this writing, 3 analysts cover Gaotu Techedu Inc. (NYSE:GOTU). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $46.69 and a low of $23.49, we find $35.44. Given the previous closing price of $2.93, this indicates a potential upside of 1109.56 percent. GOTU stock price is now 4.38% away from the 50-day moving average and 12.98% away from the 200-day moving average. The market capitalization of the company currently stands at $768.57M.
There are 0 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $35.21 as their price target over the next twelve months.
A total of 4.15% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GOTU stock. A new stake in Gaotu Techedu Inc. shares was purchased by KEYSTONE INVESTORS PTE LTD during the first quarter worth $17,335,000. ACADIAN ASSET MANAGEMENT LLC invested $10,290,000 in shares of GOTU during the first quarter. In the first quarter, POINT72 HONG KONG LTD acquired a new stake in Gaotu Techedu Inc. valued at approximately $8,028,000. HARVEST FUND MANAGEMENT CO., LTD acquired a new stake in GOTU for approximately $6,997,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in GOTU valued at around $2,591,000 in the second quarter. In total, there are 64 active investors with 21.70% ownership of the company’s stock.
Monday morning saw Gaotu Techedu Inc. (NYSE: GOTU) opened at $2.8900. During the past 12 months, Gaotu Techedu Inc. has had a low of $0.64 and a high of $5.49. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.10, and a quick ratio of 3.00. According to the stock market information, the enterprise value for the company is $348.86M, which is based on a 91.47 price-to-earnings ratio, a 5.71 price-to-earnings-growth ratio, and a beta of -0.65. The fifty day moving average price for GOTU is $2.9794 and a two-hundred day moving average price translates $2.7618 for the stock.
The latest earnings results from Gaotu Techedu Inc. (NYSE: GOTU) was released for Mar, 2023. According to the Education & Training Services Company, earnings per share came in at $0.18, missing analysts’ expectations of $0.24 by -0.06. This compares to $0.03 EPS in the same period last year. The net profit margin was 3.00% and return on equity was 2.40% for GOTU. The company reported revenue of $102.99 million for the quarter, compared to $114.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.9 percent. For the current quarter, analysts expect GOTU to generate $90.77M in revenue.
Gaotu Techedu Inc.(GOTU) Company Profile
Gaotu Techedu Inc., a technology-driven education company, provides online K-12 after-school tutoring services in the People’s Republic of China. The company provides foreign language courses comprising English and Japanese, as well as test preparation courses for students taking language certification exams; and professional courses primarily for college students and adults preparing for professional qualification exams, such teacher’s qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, Certified Tax Agent designation, securities qualification exams, and other exams. It also offers admission courses for admission tests and interviews, including national graduate entrance examination, civil service examinations, and others; and consulting services. In addition, the company provides online IT education courses, such as computer programming, as well as online courses on professional computer coding; career development courses, including memory enhancement courses, leadership and management training courses, and others; and courses to prepare and pass certain language exams for study abroad, such as IELTS and TOEFL. Further, it provides non-academic tutoring and personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and designs and develops course outlines, interactive courseware, practice exercises, and lesson notes, as well as reference books, such as Chinese dictionary, dictionary of idioms, and past exam questions of college entrance examination. Additionally, the company offers smart devices; multi-function translation pen, an electronic translation pen with Chinese/English translation capabilities; and learning apps. The company was formerly known as GSX Techedu Inc. and changed its name to Gaotu Techedu Inc. in June 2021. Gaotu Techedu Inc. was incorporated in 2014 and is headquartered in Beijing, the People’s Republic of China.
