Dada Nexus Limited (NASDAQ:DADA) Given Consensus Rating of “Hold” by Brokerages

Shares of Dada Nexus Limited (NASDAQ:DADA) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $3.66.

Several equities research analysts recently issued reports on the stock. Daiwa America lowered shares of Dada Nexus from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, May 16th. Daiwa Capital Markets lowered shares of Dada Nexus from a “buy” rating to a “neutral” rating in a report on Thursday, May 16th. The Goldman Sachs Group assumed coverage on shares of Dada Nexus in a report on Thursday, April 25th. They set a “neutral” rating and a $2.10 price objective for the company. Mizuho lowered their target price on Dada Nexus from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. Finally, New Street Research reiterated a “neutral” rating and set a $2.00 target price (down from $15.00) on shares of Dada Nexus in a research report on Wednesday, March 6th.

Institutional Trading of Dada Nexus

Institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. increased its stake in Dada Nexus by 1.0% in the third quarter. Baillie Gifford & Co. now owns 7,489,745 shares of the company’s stock worth $33,329,000 after purchasing an additional 75,734 shares during the period. Vanguard Group Inc. increased its stake in Dada Nexus by 25.0% in the first quarter. Vanguard Group Inc. now owns 3,427,799 shares of the company’s stock worth $7,027,000 after purchasing an additional 686,316 shares during the period. TT International Asset Management LTD increased its stake in Dada Nexus by 33.9% in the fourth quarter. TT International Asset Management LTD now owns 3,367,558 shares of the company’s stock worth $11,180,000 after purchasing an additional 852,790 shares during the period. Aviva PLC increased its stake in Dada Nexus by 56.0% in the third quarter. Aviva PLC now owns 1,443,060 shares of the company’s stock worth $6,422,000 after purchasing an additional 518,113 shares during the period. Finally, Federated Hermes Inc. increased its stake in Dada Nexus by 135.5% in the third quarter. Federated Hermes Inc. now owns 1,203,059 shares of the company’s stock worth $5,354,000 after purchasing an additional 692,120 shares during the period. 59.25% of the stock is currently owned by institutional investors.

Dada Nexus Trading Up 0.6 %

Dada Nexus stock opened at $1.60 on Thursday. The firm has a 50 day moving average of $1.89 and a 200 day moving average of $2.26. The firm has a market capitalization of $423.26 million, a price-to-earnings ratio of -1.25 and a beta of 1.39. Dada Nexus has a 12-month low of $1.36 and a 12-month high of $6.94.

Dada Nexus (NASDAQ:DADA) last released its earnings results on Wednesday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.13). The firm had revenue of $342.43 million during the quarter, compared to analysts’ expectations of $427.89 million. Dada Nexus had a negative return on equity of 14.73% and a negative net margin of 22.77%. On average, analysts predict that Dada Nexus will post 0.22 EPS for the current year.

Dada Nexus Company Profile

Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners.