VNET Group, Inc. - Unsponsored ADR (NASDAQ:VNET) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give VNET Group a “Moderate Buy” consensus, with four buy ratings, one hold and one sell. The average 12-month price target is $16.8975, well above the stock’s $6.07 opening price.
• VNET’s latest quarterly results were mixed: revenue of $409 million exceeded expectations, but the company reported an adjusted loss of $0.06 per share versus the expected $0.02 loss.
• Institutional investors own 72.83% of the company, with several funds increasing or initiating positions. However, VNET remains financially pressured, reporting negative margins and return on equity alongside a debt-to-equity ratio of 4.35.

Shares of VNET Group, Inc. - Unsponsored ADR (NASDAQ:VNET - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.8975.

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on VNET Group in a research report on Tuesday, July 7th. They issued a "buy" rating and a $12.50 price objective on the stock. Morgan Stanley restated an "overweight" rating and issued a $14.00 price target on shares of VNET Group in a research note on Wednesday, August 19th. Zacks Research raised VNET Group from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 27th. Weiss Ratings cut VNET Group from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday. Finally, Bank of America set a $16.30 price objective on VNET Group and gave the company a "buy" rating in a research report on Tuesday, May 26th.

VNET Group Stock Down 2.4%

Shares of VNET Group stock opened at $6.07 on Thursday. The company has a debt-to-equity ratio of 4.35, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $1.64 billion, a PE ratio of -4.27 and a beta of 0.28. VNET Group has a 52-week low of $5.91 and a 52-week high of $14.48. The company has a 50-day simple moving average of $7.33 and a two-hundred day simple moving average of $8.83.

VNET Group (NASDAQ:VNET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The information technology services provider reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). The firm had revenue of $409.00 million for the quarter, compared to analysts' expectations of $401.77 million. VNET Group had a negative net margin of 22.29% and a negative return on equity of 36.25%. On average, analysts anticipate that VNET Group will post -0.27 EPS for the current fiscal year.

Institutional Trading of VNET Group

A number of institutional investors have recently made changes to their positions in VNET. Pinpoint Asset Management Singapore Pte. Ltd. lifted its position in VNET Group by 1,849.6% during the fourth quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 764,056 shares of the information technology services provider's stock valued at $6,464,000 after purchasing an additional 724,865 shares during the period. The Manufacturers Life Insurance Company grew its position in VNET Group by 20.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,623,594 shares of the information technology services provider's stock worth $22,012,000 after purchasing an additional 443,656 shares during the period. FACT Capital LP bought a new stake in VNET Group in the 1st quarter worth approximately $4,012,000. Janus Henderson Group PLC purchased a new stake in VNET Group during the 1st quarter valued at $1,809,000. Finally, Regal Partners Ltd purchased a new stake in VNET Group during the 1st quarter valued at $3,095,000. Hedge funds and other institutional investors own 72.83% of the company's stock.

VNET Group Company Profile

VNET Group, Inc NASDAQ: VNET is a leading carrier-neutral internet data center (IDC) services provider in China. Established in 1999 and headquartered in Beijing, the company delivers a full spectrum of infrastructure solutions that support the growing digital economy. Its core offerings include data center colocation, managed hosting, network connectivity, and disaster recovery services designed to meet the performance and reliability requirements of enterprise and internet content customers.

The company's product portfolio spans private cloud, public cloud and hybrid cloud deployments, enabling clients to scale computing resources on demand.

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