Mizuho Issues Pessimistic Forecast for Dada Nexus (NASDAQ:DADA) Stock Price

Dada Nexus (NASDAQ:DADA) had its target price reduced by stock analysts at Mizuho from $4.50 to $4.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 154.78% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. Daiwa Capital Markets began coverage on Dada Nexus in a report on Thursday, August 22nd. They set a “neutral” rating for the company. Daiwa America upgraded shares of Dada Nexus to a “hold” rating in a report on Thursday, August 22nd. Finally, Citigroup upgraded shares of Dada Nexus from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $1.00 to $1.50 in a report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Dada Nexus has an average rating of “Hold” and an average target price of $2.95.

Dada Nexus Trading Up 1.0 %

NASDAQ:DADA opened at $1.57 on Tuesday. Dada Nexus has a 12 month low of $1.04 and a 12 month high of $4.55. The stock has a market capitalization of $407.89 million, a price-to-earnings ratio of -1.44 and a beta of 1.39. The firm has a fifty day simple moving average of $1.60 and a two-hundred day simple moving average of $1.55.

Dada Nexus (NASDAQ:DADA) last issued its earnings results on Tuesday, August 20th. The company reported ($0.09) EPS for the quarter. Dada Nexus had a negative net margin of 19.81% and a negative return on equity of 10.94%. The firm had revenue of $324.54 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DADA. Virtu Financial LLC purchased a new stake in Dada Nexus in the 1st quarter valued at about $28,000. Natixis bought a new stake in Dada Nexus during the first quarter worth $51,000. Headlands Technologies LLC boosted its position in 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 purchasing an additional 34,963 shares during the last quarter. EntryPoint Capital LLC grew its stake in Dada Nexus by 69.6% in the 1st quarter. EntryPoint Capital LLC now owns 55,899 shares of the company’s stock valued at $115,000 after purchasing an additional 22,936 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Dada Nexus during the 3rd quarter valued at $126,000. 59.25% of the stock is owned by institutional investors.

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.