Gaotu Techedu Inc. (NYSE:GOTU – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $3.53, but opened at $3.40. Gaotu Techedu shares last traded at $3.37, with a volume of 425,375 shares traded.
Analyst Upgrades and Downgrades
Separately, Citigroup cut Gaotu Techedu from a “buy” rating to a “sell” rating in a report on Tuesday, August 27th.
Check Out Our Latest Report on Gaotu Techedu
Gaotu Techedu Stock Performance
Gaotu Techedu (NYSE:GOTU – Get Free Report) last issued its earnings results on Tuesday, August 27th. The company reported ($0.23) earnings per share (EPS) for the quarter. Gaotu Techedu had a negative return on equity of 20.26% and a negative net margin of 17.63%. The firm had revenue of $138.95 million during the quarter.
Institutional Investors Weigh In On Gaotu Techedu
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in shares of Gaotu Techedu in the first quarter valued at about $63,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Gaotu Techedu in the first quarter valued at about $99,000. SG Americas Securities LLC acquired a new stake in shares of Gaotu Techedu in the second quarter valued at about $75,000. Virtu Financial LLC acquired a new stake in shares of Gaotu Techedu in the first quarter valued at about $133,000. Finally, Marshall Wace LLP increased its stake in shares of Gaotu Techedu by 158.2% in the second quarter. Marshall Wace LLP now owns 77,562 shares of the company’s stock valued at $380,000 after buying an additional 47,522 shares during the period. Institutional investors and hedge funds 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.
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