Gaotu Techedu (NYSE:GOTU) PT Lowered to $5.81 at Citigroup

Gaotu Techedu (NYSE:GOTU) had its price target cut by Citigroup from $12.34 to $5.81 in a report released on Monday, Benzinga reports. They currently have a buy rating on the stock.

Gaotu Techedu Price Performance

GOTU stock traded up $0.39 during midday trading on Monday, reaching $4.75. The company had a trading volume of 2,029,278 shares, compared to its average volume of 3,822,528. Gaotu Techedu has a 1 year low of $2.22 and a 1 year high of $8.44. The company has a market capitalization of $1.23 billion and a P/E ratio of -60.50. The firm has a 50-day moving average price of $5.12 and a 200-day moving average price of $5.84.

Gaotu Techedu (NYSE:GOTU) last announced its quarterly earnings data on Tuesday, May 21st. The company reported ($0.01) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative net margin of 4.22% and a negative return on equity of 4.19%. The business had revenue of $131.14 million during the quarter.

Hedge Funds Weigh In On Gaotu Techedu

Several institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI bought a new position in shares of Gaotu Techedu during the 2nd quarter valued at $2,135,000. SG Americas Securities LLC purchased a new stake in Gaotu Techedu during the 2nd quarter valued at $75,000. Virtu Financial LLC purchased a new stake in Gaotu Techedu during the 1st quarter valued at $133,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Gaotu Techedu by 97.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,365,100 shares of the company’s stock valued at $15,491,000 after buying an additional 1,169,300 shares during the period. Finally, Seven Eight Capital LP purchased a new stake in Gaotu Techedu during the 1st quarter valued at $957,000. Institutional investors own 48.42% of the company’s stock.

Gaotu Techedu Company Profile

Gaotu Techedu Inc, a technology-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. The company offers traditional online academic subject tutoring services that covers academic subjects, such as mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science for students; non-academic tutoring services; personal interest courses comprising chess learning, family relationships and education, humanities, and science courses; and professional courses primarily for college students and adults preparing for professional qualification exams, such as teacher's qualification, Chartered Financial Analyst designation, Certified Public Accountant designation, and other exams.