TAL Education Group (NYSE:TAL) Shares Gap Down – What’s Next?

TAL Education Group (NYSE:TAL) shares gapped down prior to trading on Thursday . The stock had previously closed at $10.02, but opened at $9.80. TAL Education Group shares last traded at $9.98, with a volume of 435,762 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, TAL Education Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Price Performance

The firm has a market capitalization of $5.95 billion, a PE ratio of 89.36 and a beta of -0.01. The firm has a fifty day moving average price of $10.29 and a 200 day moving average price of $9.91.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $619.36 million during the quarter, compared to analyst estimates of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same period in the prior year, the firm earned $0.06 earnings per share. On average, sell-side analysts expect that TAL Education Group will post 0.17 EPS for the current year.

Institutional Trading of TAL Education Group

A number of hedge funds have recently modified their holdings of the business. Point72 DIFC Ltd purchased a new stake in shares of TAL Education Group in the third quarter worth approximately $48,000. EverSource Wealth Advisors LLC boosted its stake in shares of TAL Education Group by 93.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock valued at $45,000 after buying an additional 2,186 shares during the period. Blue Trust Inc. grew its holdings in shares of TAL Education Group by 134.2% during the 3rd quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after acquiring an additional 4,403 shares in the last quarter. DRW Securities LLC acquired a new position in shares of TAL Education Group in the third quarter worth $128,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of TAL Education Group by 1,298,400.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock worth $154,000 after acquiring an additional 12,984 shares in the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.