Jianpu Technology (NYSE:JT) was downgraded by research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, June 26th, MarketBeat reports.
JT has been the subject of a number of other research reports. JPMorgan Chase & Co. set a $105.00 price target on Churchill Downs and gave the stock a “hold” rating in a report on Friday, March 1st. Zacks Investment Research raised Zurich Insurance Group from a “sell” rating to a “hold” rating in a report on Saturday, May 18th. Finally, ValuEngine cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th.
Shares of NYSE:JT traded down $0.09 on Wednesday, reaching $3.56. The company had a trading volume of 423,221 shares, compared to its average volume of 392,546. Jianpu Technology has a 52-week low of $3.49 and a 52-week high of $7.97. The business has a 50 day moving average of $4.04. The firm has a market capitalization of $623.34 million, a price-to-earnings ratio of -25.43 and a beta of 1.41.
A number of hedge funds have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. acquired a new position in Jianpu Technology during the first quarter worth $40,000. Hamilton Lane Advisors LLC purchased a new stake in shares of Jianpu Technology in the first quarter valued at $529,000. Wells Fargo & Company MN lifted its position in shares of Jianpu Technology by 1.7% in the first quarter. Wells Fargo & Company MN now owns 7,451,711 shares of the company’s stock valued at $37,334,000 after acquiring an additional 128,100 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Jianpu Technology by 4.1% in the first quarter. Baillie Gifford & Co. now owns 3,871,919 shares of the company’s stock valued at $19,398,000 after acquiring an additional 152,199 shares in the last quarter. Finally, Yiheng Capital LLC lifted its position in shares of Jianpu Technology by 31.7% in the fourth quarter. Yiheng Capital LLC now owns 6,058,598 shares of the company’s stock valued at $25,264,000 after acquiring an additional 1,459,629 shares in the last quarter. Hedge funds and other institutional investors own 16.65% of the company’s stock.
About Jianpu Technology
Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.
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