Dymon Asia Capital Singapore PTE. LTD. Makes New Investment in VNET Group, Inc. (NASDAQ:VNET)

Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of VNET Group, Inc. (NASDAQ:VNET - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 125,300 shares of the information technology services provider's stock, valued at approximately $594,000.

A number of other large investors also recently bought and sold shares of the business. Headlands Technologies LLC boosted its stake in shares of VNET Group by 5.7% in the fourth quarter. Headlands Technologies LLC now owns 144,499 shares of the information technology services provider's stock worth $685,000 after acquiring an additional 7,737 shares during the last quarter. Catalina Capital Group LLC purchased a new position in shares of VNET Group in the 4th quarter valued at $54,000. Wolverine Trading LLC acquired a new position in VNET Group in the third quarter valued at $46,000. Blue Trust Inc. boosted its holdings in VNET Group by 29.1% in the 4th quarter. Blue Trust Inc. now owns 54,311 shares of the information technology services provider's stock valued at $257,000 after purchasing an additional 12,237 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in shares of VNET Group in the fourth quarter valued at about $127,000. Institutional investors own 72.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VNET shares. Nomura Securities upgraded shares of VNET Group to a "strong-buy" rating in a research report on Friday, February 21st. Citigroup increased their target price on VNET Group from $16.10 to $20.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Finally, StockNews.com downgraded shares of VNET Group from a "hold" rating to a "sell" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, VNET Group currently has an average rating of "Buy" and an average price target of $9.30.

VNET Group Stock Performance

Shares of NASDAQ:VNET traded down $0.65 during midday trading on Wednesday, hitting $4.74. The company's stock had a trading volume of 11,060,017 shares, compared to its average volume of 3,921,270. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.83 and a current ratio of 0.83. VNET Group, Inc. has a fifty-two week low of $1.42 and a fifty-two week high of $16.13. The stock's 50 day simple moving average is $9.79 and its 200 day simple moving average is $6.35. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -2.14, a PEG ratio of 1.01 and a beta of 0.15.

VNET Group (NASDAQ:VNET - Get Free Report) last announced its earnings results on Wednesday, March 12th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). The firm had revenue of $307.75 million for the quarter, compared to analyst estimates of $284.88 million. VNET Group had a negative return on equity of 5.68% and a negative net margin of 28.54%. As a group, research analysts anticipate that VNET Group, Inc. will post -0.06 earnings per share for the current year.

About VNET Group

VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.