Gaotu Techedu (NYSE:GOTU) Trading 9.2% Higher – Still a Buy?

Gaotu Techedu Inc. (NYSE:GOTU)’s stock price rose 9.2% during trading on Friday . The company traded as high as $2.06 and last traded at $2.09. Approximately 1,250,889 shares were traded during trading, a decline of 33% from the average daily volume of 1,875,716 shares. The stock had previously closed at $1.91.

Gaotu Techedu Stock Performance

The firm has a fifty day simple moving average of $2.34 and a 200 day simple moving average of $3.23. The company has a market capitalization of $569.76 million, a PE ratio of -3.85 and a beta of 0.03.

Gaotu Techedu (NYSE:GOTU) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.26) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative net margin of 26.36% and a negative return on equity of 37.79%.

Hedge Funds Weigh In On Gaotu Techedu

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in shares of Gaotu Techedu during the 2nd quarter valued at $2,450,000. State Street Corp increased its position in Gaotu Techedu by 20.7% during the 3rd quarter. State Street Corp now owns 525,166 shares of the company’s stock valued at $2,059,000 after buying an additional 90,115 shares in the last quarter. Barclays PLC raised its stake in Gaotu Techedu by 87.8% in the third quarter. Barclays PLC now owns 73,008 shares of the company’s stock valued at $286,000 after buying an additional 34,133 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Gaotu Techedu by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 832,996 shares of the company’s stock worth $3,265,000 after acquiring an additional 108,224 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in shares of Gaotu Techedu by 249.7% during the third quarter. GSA Capital Partners LLP now owns 90,881 shares of the company’s stock worth $356,000 after acquiring an additional 64,896 shares during the last quarter. Hedge funds and other 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.