Dada Nexus (NASDAQ:DADA) Stock Price Down 5.1%

Shares of Dada Nexus Limited (NASDAQ:DADA) traded down 5.1% during trading on Thursday . The company traded as low as $1.31 and last traded at $1.31. 1,613,170 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 2,631,734 shares. The stock had previously closed at $1.38.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. New Street Research reiterated a “neutral” rating and set a $2.00 price objective (down from $15.00) on shares of Dada Nexus in a research note on Wednesday, March 6th. Mizuho dropped their price objective on shares of Dada Nexus from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. The Goldman Sachs Group assumed coverage on shares of Dada Nexus in a research note on Thursday, April 25th. They set a “neutral” rating and a $2.10 price objective on the stock. Daiwa America downgraded shares of Dada Nexus from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 16th. Finally, Daiwa Capital Markets cut shares of Dada Nexus from a “buy” rating to a “neutral” rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dada Nexus presently has an average rating of “Hold” and an average target price of $3.66.

Dada Nexus Trading Down 3.8 %

The company’s 50-day moving average is $1.74 and its 200 day moving average is $2.09.

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

Institutional Trading of Dada Nexus

Institutional investors have recently modified their holdings of the stock. Jump Financial LLC acquired a new stake in shares of Dada Nexus in the fourth quarter valued at about $42,000. Virtu Financial LLC purchased a new position in shares of Dada Nexus in the first quarter worth about $28,000. Tower Research Capital LLC TRC lifted its stake in shares of Dada Nexus by 170.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 21,338 shares of the company’s stock worth $71,000 after buying an additional 13,447 shares in the last quarter. Natixis purchased a new position in shares of Dada Nexus in the first quarter worth about $51,000. Finally, Headlands Technologies LLC lifted its stake in shares of Dada Nexus by 615.5% in the first quarter. Headlands Technologies LLC now owns 40,643 shares of the company’s stock worth $83,000 after buying an additional 34,963 shares in the last quarter. Institutional investors and hedge funds own 59.25% of the company’s stock.

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.